The Principle Benefit of Tariff Protection Goes to

question 16

Multiple Choice

The principle benefit of tariff protection goes to

• A)the domestic government.
• B)foreign consumers of the good produced.
• C)domestic consumers of the good produced.
• D)foreign producers of the good produced.
• E)domestic producers of the good produced.

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Definitions:

Express Authorization

Directly stated or clearly indicated authority given for an action or procedure.

Principal's Intention

In a contractual agreement, it refers to the primary party's goal or objective intended through the contract.

Third Restatement

The most recent revision or version of a restatement in law, which aims to rearticulate legal principles for clearer understanding and application.

Apparent Authority

A form of authority that an agent appears to have to a third party because of the behavior or statements of the principal, even if the actual authority was not granted.