Import Protections Are Often Imposed Because

question 157

Multiple Choice

Import protections are often imposed because:

• A)import protections increase total surplus,even though some groups are harmed.
• B)groups representing import-competing industries are more cohesive than consumers.
• C)benefits to producers outweigh the costs to the consumer.
• D)the loss in consumer surplus is usually quite small.

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Definitions:

Alcohol

A psychoactive substance found in beverages such as beer, wine, and spirits, which can affect the central nervous system, leading to intoxication and, with excessive consumption, addiction.

Depressants

A class of drugs that reduce neurological function, leading to calming, sedative effects, or decreased awareness.

Neural Activity

The operation of nerve cells (neurons) which involves the generation and transmission of electrical and chemical signals.

Caffeine

A stimulant found in coffee, tea, and various other beverages that affects the central nervous system, resulting in increased alertness and reduced fatigue.