Which of the Following Is Not a Description of What

question 80

Multiple Choice

Which of the following is not a description of what a tariff can achieve in a perfectly competitive market?

• A)A tariff can achieve many of the same goals as an import quota.
• B)A tariff can create less domestic deadweight loss than a quota if the tariff revenues are redistributed domestically.
• C)A tariff can create greater government revenues than a quota.
• D)A tariff creates enough government revenue to completely offset the impact of deadweight loss, thereby increasing total surplus.

---

Definitions:

Dramaturgical Analysis

A perspective in sociology that interprets social interactions as if they were part of a theatrical performance, where individuals are actors on stages with roles, scripts, costumes, and sets.

Exchange Theory

is a social psychological and sociological perspective that explains social change and stability as a process of negotiated exchanges between parties.

Valued Resources

Assets or commodities that are highly appreciated and sought after within a society or community due to their perceived utility or rarity.

Social Interaction

The process by which individuals act and react in relation to others in a societal context.