Tariffs Are More Desirable Than Quotas If a Government Wants

question 111

True/False

Tariffs are more desirable than quotas if a government wants to increase revenues and reduce benefits to inefficient exporters.

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Definitions:

External Locus

Refers to an external locus of control, where individuals believe their success or failure is due to external factors beyond their control.

High Self-Esteem

A confident and positive perception of oneself, marked by self-respect and self-worth.

Individual Differences

Refers to the distinct variations among people in their abilities, personalities, learning styles, and other characteristics.

Social Support

The assistance and comfort received from friends, family, and others, which is considered an important factor in dealing with stress and adversity.