Which of the Following Statements Is True

question 254

Multiple Choice

Which of the following statements is true?

• A)Free trade benefits a country when it exports but harms it when it imports.
• B)"Voluntary" limits on Canadian exports of hogs are better for the United States than U.S.tariffs placed on Canadian hog exports.
• C)Tariffs and quotas differ in that tariffs work like a tax and therefore impose deadweight losses,whereas quotas do not impose deadweight losses.
• D)Free trade benefits a country both when it exports and when it imports.

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Definitions:

Fast Delivery

The rapid transport of goods to consumers or clients, often seen as a competitive advantage in business operations.

Manufacturer's Discount

A reduction in price offered by the manufacturer to distributors, retailers, or end customers, usually for bulk purchases or promotions.

Winning Back Lost Customer

Strategies and efforts aimed at re-engaging and regaining the trust and business of customers who have previously stopped buying or using a company’s products or services.

Prodding and Criticizing

Actions that involve pushing someone to do something or evaluating someone or something in a negative manner, often to elicit change or improvement.