Protection in the Form of Tariffs Create Winners and Losers

question 57

Multiple Choice

Protection in the form of tariffs create winners and losers.Winners include ________ and losers include ________.

• A)U.S.consumers and taxpayers; foreign firms that rely on U.S.exports
• B)firms sheltered from foreign competition; U.S.consumers and taxpayers
• C)U.S.firms that rely on exports to foreign countries; foreign manufacturers
• D)the U.S.government; firms sheltered from foreign competition

---

Definitions:

Reformation

An equitable remedy granted by a court to correct or "reform" a written contract so that it reflects the true intentions of the parties.

Imperfectly Expressed

Describes an idea, thought, or statement that has not been articulated clearly or accurately.

Shrink-Wrap Agreement

A type of contract or terms of service that is packaged within a product's packaging, considered agreed upon when the package is opened.

Click-On

A type of contract or agreement, common in software and online services, that becomes binding when a user indicates their acceptance by clicking a button or link, usually labeled "I Agree."