Which of the Following Methods of Restricting Trade Does NOT

question 115

Multiple Choice

Which of the following methods of restricting trade does NOT create a deadweight loss?

• A) a tariff
• B) a quota
• C) a voluntary export restraint
• D) Both answers A and B are correct.
• E) None of the above answers is correct because all the methods create a deadweight loss

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Definitions:

Nondefensive Communication

A communication style in which individuals express their thoughts, feelings, and needs openly and honestly without becoming defensive or aggressive.

Intra-Company

Pertaining to activities or transactions occurring within the same company, often involving different departments or divisions.

Professionalism

Entails the conduct, aims, or qualities that characterize or mark a profession or a professional person.

Labeling

The process of assigning a descriptor or category to individuals or groups which can influence how they are perceived and act.