Economists Generally Oppose Trade Restrictions Such as Tariffs and Quotas;however,if

question 8

True/False

Economists generally oppose trade restrictions such as tariffs and quotas;however,if one these devices must be used,economists generally prefer tariffs to quotas.

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Definitions:

Delta Star

Delta Star is a term often used in electrical engineering to refer to a method of connecting three-phase transformers or motors, involving a delta configuration and a star (wye) configuration.

Buyer's Right

Rights legally entitled to the purchaser of goods or services, including the rights to receive information, to a fair contract, and to complain and seek redress.

Rejecting Delivery

The action of refusing to accept delivery of goods or services, typically due to non-compliance with terms of contract.

Reasonable Time

A time period which is fair and appropriate under the circumstances, legally often used to define the period in which an action must be taken.