Which of the Following Statements About Quotas Is Correct

question 15

Multiple Choice

Which of the following statements about quotas is correct?

• A)They benefit domestic consumers through lower prices.
• B)They benefit domestic producers through higher prices.
• C)They raise world output.
• D)They cause outward shifts in the domestic and foreign production possibilities frontiers.
• E)They benefit domestic producers through increased competition that stimulates innovation.

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Definitions:

Followership Process

The dynamics and behaviors of individuals when they are in the role of followers, including how they support and interact with leaders.

Followership

The behaviors and actions of individuals who follow and support their leaders, contributing to the achievement of group or organizational goals.

Literature

Written works, especially those considered of superior or lasting artistic merit.

Followership Outcomes

The results or effects of individuals' ability to follow leadership effectively, impacting organizational or team success.