Quotas Often

question 77

Multiple Choice

Quotas often:

• A) result in few incentives to engage in illegal activities.
• B) lead to deadweight losses resulting from a wedge between the price of sellers and that of demanders.
• C) lead to efficient market outcomes.
• D) are necessary to increase the quantity of the goods in the market.

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Definitions:

New Working Class

A term referring to the shift in the working class towards more service-oriented and tech-based jobs in the late 20th and early 21st centuries.

Political Participation

Activities that citizens engage in with the intention of influencing the selection of political leaders and/or the policies they enact, including voting, campaigning, and protest activities.

Turnout Rates

The proportion of qualified voters who participate by voting in an election.