If a Tariff Is Imposed on Imports of Shrimp into the United

question 73

Multiple Choice

If a tariff is imposed on imports of shrimp into the United States, U.S. producers_______ and U.S. economy will _________.

• A)gain; lose
• B)gain; gain
• C)lose; gain
• D)gain; be unaffected
• E)lose; lose

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Definitions:

Jointly Controlled Entity

An entity that is managed and operated under a joint control agreement by two or more parties.

Partnership

A legal form of business operation between two or more individuals who share management and profits.

Trust

A fiduciary relationship in which one party, known as a trustee, holds property for the benefit of another party, known as a beneficiary.

Contractual Arrangement

An agreement between two or more parties with legally binding terms and conditions.