Analysts Have Suggested That the Cost of Bras Is Related

question 2

Multiple Choice

Analysts have suggested that the cost of bras is related to trade restrictions on textile imports. What does the price of bras have to do with tariffs and quotas?

• A) Trade restrictions protect consumers by keeping the price of bras low.
• B) Trade restrictions in the form of tariffs keep prices of bras high, but replacing them with quotas will result in lower prices.
• C) Trade restrictions keep the prices of bras high, and ending them will result in lower prices.
• D) Trade restrictions do not influence the price of bras; the price is determined by domestic technology and the overall inflation rate.

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Definitions:

Gratuitous Promise

A pledge or commitment made without the expectation of receiving something in return, not typically enforceable as a contract.

Statute Law

Written laws passed by a legislative body at the federal or state level, as opposed to common law, which is derived from judicial decisions.

Early Payment

The act of settling a debt or invoice before its designated due date, which may sometimes lead to benefits such as discounts.

Communicated Acceptance

The act of conveying agreement to the terms of an offer, completing the formation of a contract.