Public Choice Theory Indicates That Tariffs, Quotas, and Other Trade

question 21

Multiple Choice

Public choice theory indicates that tariffs, quotas, and other trade restrictions are primarily the result of the

• A) political clout of foreigners.
• B) political clout of domestic consumers.
• C) political power of the special interest groups.
• D) attractiveness of sound economic policies to elected political officials.

---

Definitions:

Randomly Assigned

A process in experimental design where participants are allocated to different groups or conditions by chance, minimizing bias and ensuring each participant has an equal chance of being assigned to any group.

Treatments

In experimental research, different conditions applied to groups to observe and measure the effects.

Observational Study

A research method in which the researcher observes subjects in their natural environment without manipulation or intervention.

Data Collection

The process of gathering and measuring information on targeted variables to answer relevant questions and evaluate outcomes.