It Is Always the Case That

question 61

Multiple Choice

It is always the case that:

• A)the deadweight loss will be lower with a quota system than a tariff system.
• B)there will be a deadweight loss from imposing tariffs on imports, even though the government may have a need for the revenue from the tariffs.
• C)free trade will lead to a deadweight loss.
• D)the deadweight loss will be lower with a tariff system than a quota system.

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Definitions:

Transactional Leader

A leadership style focused on supervision, organization, and performance; transactional leaders promote compliance through rewards and punishments.

Leadership

The act of guiding or directing a group towards achieving its goals. In the context of nonprofits, it involves inspiring, influencing, and managing volunteers or employees to fulfil the organization’s mission.

Management

The process of dealing with or controlling things or people, often within a business or organizational setting.

Skills Theory

A leadership theory that focuses on leaders' capabilities, such as technical, human, and conceptual skills, suggesting that leadership depends on one's skills rather than inherent traits.