The Main Purpose of Most Tariffs and Quotas Is to

question 8

Multiple Choice

The main purpose of most tariffs and quotas is to

• A)raise revenue for the government.
• B)reduce the prices consumers pay for goods and services.
• C)reduce the foreign competition that domestic firms face.
• D)improve the quality of goods and services imported into the country.

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Definitions:

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Pertaining to or affecting the human spirit or soul as opposed to material or physical things.

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A Native American people of the Southwestern United States, known for their rich culture, language, and history.

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Practices believed to harness supernatural powers for malicious purposes, often contrasted with benign or protective magic.

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A medium-sized canid native to North America, known for its adaptability to both wild and urban environments.