Which of the Following Methods of Restricting Trade Does NOT

question 44

Multiple Choice

Which of the following methods of restricting trade does NOT harm the overall economy?

• A) A quota
• B) A tariff
• C) A voluntary export restraint
• D) Both answers A and B are correct.
• E) None of the above answers is correct because all the methods harm the overall economy.

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Definitions:

Elder-Care

Services and support provided to the elderly population to meet their medical, social, and personal needs, often including healthcare, housing, and daily life assistance.

Pay Compression

Occurs when individuals with substantially different levels of experience, performance abilities, or both are paid wages or salaries that are relatively equal.

Market Rate

The prevailing price range for goods or services in a specific market at a given time.

Affordable Care Act

A comprehensive health care reform law enacted in March 2010 (also known as Obamacare), aimed at expanding health insurance coverage for the uninsured and improving healthcare delivery.