Almost All Economists Agree That Tariffs and Import Quotas

question 4

Multiple Choice

Almost all economists agree that tariffs and import quotas

• A)reduces general economic welfare.
• B)increases general economic welfare.
• C)have no effect on general economic welfare.
• D)stimulate a less than fully employed economy.

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Definitions:

Freshwater

Water that has a low salt concentration, commonly found in rivers, lakes, streams, and ponds.

Oxygen

A chemical element with symbol O, critical for the survival of most terrestrial life forms, acting as the final electron acceptor in cellular respiration.

Daily Temperature Extremes

The highest and lowest temperatures that occur within a single day, indicating the range of thermal variability in an area.

Biome

A vast naturally existing assembly of plants and animals that inhabit a significant ecosystem, such as a forest or tundra.