Other Things Equal, a Tariff Is

question 201

Multiple Choice

Other things equal, a tariff is

• A)superior to an import quota for Americans because a tariff increases the profits of foreign producers.
• B)inferior to an import quota for Americans because a tariff increases the profits of domestic producers.
• C)superior to an import quota for Americans because a tariff generates revenue for the U.S. Treasury.
• D)inferior to an import quota for Americans because a tariff generates revenue for the U.S. Treasury.

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Definitions:

Sunday Prohibition

Laws or regulations that prohibit certain activities or operations on Sundays, historically rooted in religious observance but can also include secular motivations.

Licensing Statute

Legislation that sets the standards and requirements for obtaining a professional license in a specific field.

Enforceable

Capable of being imposed or applied, especially in legal contexts.

Procedurally Unconscionable Contract

A contract that is deemed unfair or unjust due to the process in which it was made, often involving lack of negotiation or imbalance in bargaining power.