The Most Likely Effects of Tariffs And/or Quotas Are to ________

question 96

Essay

The most likely effects of tariffs and/or quotas are to ________ prices and to ________
consumption of the protected goods in the importing country.
A.raise; raise
B.raise; lower
C.lower; raise
D.lower; lower

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Definitions:

Audit

An inspection or examination of financial records to verify their accuracy and compliance with laws or standards.

Accountant

A professional who performs accounting functions such as audits or financial statement analysis according to established standards.

Underwriter

A person or company that evaluates and assumes the risk of another party, such as in insurance or securities, in exchange for a premium or commission.

Section 11

In legal terms, it often refers to a specific section of a statute or act, which may detail certain rights, obligations, or regulations; context is required to identify the exact law it pertains to.