If Demand for a Product Is Increasing, an Import Tariff

question 192

True/False

If demand for a product is increasing, an import tariff is less restrictive than an import quota.

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Definitions:

William Lloyd Garrison

A prominent American abolitionist, journalist, and social reformer who was best known for founding and publishing the anti-slavery newspaper "The Liberator."

Abolitionist Movement

A movement aimed at ending slavery and the slave trade, prevalent in the 18th and 19th centuries, especially in the United States and Britain.

The Liberator

A title often associated with Simon Bolivar, a military and political leader who played a key role in Latin America's successful struggle for independence from the Spanish Empire.

American Anti-Slavery Society

An abolitionist society founded in 1833 that advocated for the immediate emancipation of all slaves and the end of racial discrimination and segregation.