Import Quotas and Tariffs Produce Similar Results

question 126

Multiple Choice

Import quotas and tariffs produce similar results.Which of the following is not one of those results?

• A)The domestic price of the good increases.
• B)Consumer surplus of domestic consumers increases.
• C)Producer surplus of domestic producers increases.
• D)A deadweight loss is experienced by the domestic country.

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Definitions:

Developing Objectives

The process of establishing specific, measurable, achievable, relevant, and time-bound goals that an organization aims to reach.

Consumer Confidence

A measure of how optimistic or pessimistic consumers are about the overall state of the economy and their personal financial situation.

Public Catastrophe

A large-scale, disastrous event affecting the public such as natural disasters, accidents, or health crises, often requiring emergency response and relief efforts.

CSR Campaign

Stands for Corporate Social Responsibility Campaign, which is an initiative by a business to contribute to societal goals of a philanthropic, activist, or charitable nature by engaging in or supporting volunteering or ethically-oriented practices.