Which of the Following Statements Best Describes a Protective Tariff

question 314

Multiple Choice

Which of the following statements best describes a protective tariff?

• A)an excise tax that is usually applied to products that are not produced domestically in order to raise revenues for government
• B)an excise tax that is designed to put foreign producers at a competitive disadvantage in selling in domestic markets
• C)a specification of the maximum amount of a product that may be imported in any period of time that is often used to protect domestic producers of a product
• D)such activities as restricting the issuance of licenses for imported products or setting unreasonable standards for quality or safety in order to restrict imports and protect domestic markets

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Definitions:

Atkinson-Shiffrin Model

A theory of human memory that was proposed in the 1960s, suggesting that memory consists of three main components: sensory memory, short-term memory, and long-term memory.

Maintenance Rehearsal

A cognitive process involving the repetitive review of information to keep it in short-term memory for extended periods.

Repeating Items

The act of presenting the same content or material multiple times to improve memory retention or emphasize importance.

Allan Baddeley

A cognitive psychologist best known for his work on the model of working memory.