Tariffs and Quotas

question 30

Multiple Choice

Tariffs and quotas:

• A)reduce consumer surplus and increase producer surplus in the importing country.
• B)increase consumer surplus and reduce producer surplus in the importing country.
• C)reduce both consumer surplus and producer surplus in the exporting country.
• D)are imposed when there are differences in the opportunity cost of production across countries.
• E)are imposed when production is subject to economies of scale.

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Definitions:

Genuineness

The quality of being open, honest, and sincere in one's dealings with others.

Emotion-focused Therapy

A therapeutic approach that emphasizes the recognition, acceptance, and processing of emotional experiences to facilitate healing and growth.

Cognitive-behavioural Therapy

A psychotherapy approach that treats problems and boosts happiness by modifying dysfunctional emotions, behaviors, and thoughts.

Positive Psychotherapy

Positive Psychotherapy is a therapeutic approach that focuses on a client's strengths and virtues to improve their well-being and treat mental health issues.