The Use of Tariffs and Quotas for Trade Protection Results

question 308

Multiple Choice

The use of tariffs and quotas for trade protection results in

• A)lower prices for domestic consumers.
• B)less revenue for government.
• C)less efficiency in the economy.
• D)less rent-seeking activity.

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Definitions:

Fundraiser

An event or campaign organized to collect funds for a specific cause, project, or organization.

Financial Support

Assistance given in the form of money to help fund a particular project, activity, person, or organization.

Social Work Roles

Various functions and responsibilities undertaken by social workers, including advocacy, counseling, and community organization.

Advocate

A person who actively supports or argues for a cause or policy, often on behalf of another individual or group.