According to Public Choice Theory, Tariffs, Quotas, and Other Trade

question 119

Multiple Choice

According to public choice theory, tariffs, quotas, and other trade restrictions are primarily the result of the

• A) political clout of foreigners.
• B) political clout of domestic consumers.
• C) political power of special interest groups.
• D) political desire for economic efficiency.

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Definitions:

Overstating

The action of exaggerating or making something seem more important or significant than it actually is.

Competition

Conflict management style that stresses winning a conflict at the expense of the other person involved.

Threats

Statements or actions intended to cause someone to feel in danger of harm or loss.

Compliance

The action of conforming to a rule, request, or demand, often influenced by external pressures or obligations.