When a Tariff or Quota on a Product Is Removed

question 131

Multiple Choice

When a tariff or quota on a product is removed, this policy action

• A)benefits domestic producers of the product.
• B)benefits consumers of the product.
• C)benefits the government.
• D)hurts nations exporting the product.

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Definitions:

Theft

The act of stealing; the wrongful taking and carrying away of the personal property of another with intent to deprive the rightful owner.

Slander

A form of defamation achieved through spoken statements that damage a person's reputation.

Defamatory Statement

A false statement that injures someone's reputation.

Tort

A wrongful act in the civil realm that results in damages or harm to an individual, establishing legal accountability for the one committing the act.