In an Inflationary Environment,then Over Time

question 42

Multiple Choice

In an inflationary environment,then over time

• A)an import quota would raise more revenue than a specific tariff.
• B)a tariff quota will tend to raise more revenue than a specific tariff.
• C)a specific tariff will tend to raise more revenue than an ad valorem tariff.
• D)an ad valorem tariff will tend to raise more revenue than a specific tariff.
• E)an optimum tariff will tend to raise more revenue than an escalating tariff.

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Definitions:

Unenforceable

Pertaining to a contract or agreement that, due to certain defects or legal principles, cannot be legally imposed or executed.

Verbal Agreement

denotes a contract or agreement made through spoken words rather than written documents, which can be legally binding if it meets specific criteria.

Enforceable

Refers to a contract or clause that is legally binding and can be upheld in court.

Job Loss

The instance of losing one's employment, often due to layoffs, company closure, or termination.