Tariffs and Quotas Are Effective in Protecting Industry

question 147

Multiple Choice

Tariffs and quotas are effective in protecting industry

• A)but at very high cost per job saved.
• B)and at very low cost per job saved.
• C)but have not saved any jobs in the industries.
• D)and do not distort the economy in the process.

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Definitions:

Annul

To legally declare invalid or void, commonly used in contexts such as marriage annulment, which renders the marriage as if it never existed.

Confidential Relationship

A relationship where one party places trust and confidence in another with the expectation that the latter will act in their best interest, typically involving nondisclosure of certain information.

Undue Influence

A situation where an individual is able to persuade another's decisions due to the relationship between the two parties, often leading to unfair advantage.

Duress

A situation where a person performs an act as a result of violence, threat, or other pressure against the person, raising questions about the voluntariness of the act.