Which of the Following Is Not a Short-Run Impact of Imposing

question 4

Multiple Choice

Which of the following is not a short-run impact of imposing quotas on the American industries they seek to protect?

• A) government tax revenues increase
• B) domestic production and sales by the protected industries increase
• C) consumers' real incomes decrease
• D) prices of the goods produced by protected industries increase

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Definitions:

Solitary

The state or condition of being alone or isolated from others, often used to describe times spent alone or creatures that live in isolation.

Cooperative

Pertaining to the willingness or practice of working together with others for a common purpose or benefit.

Sequential

Following a logical order of progression or a sequence, one after the other.

Interactive

Involving communication and active engagement between two or more parties, often used to describe digital technologies, teaching methods, or entertainment.