Which of the Following Is an Explanation for the Existence

question 66

Multiple Choice

Which of the following is an explanation for the existence of trade restrictions?

• A)Tariffs generate revenue for the government.
• B)rent seeking
• C)inefficient quotas
• D)both A and B
• E)both A and C

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Definitions:

Demand for Payment

A formal request made by a creditor or holder of a financial instrument for the debtor to pay the owed amount by a specified deadline.

Proper Manner

Appropriate or correct method or behavior, often emphasized in formal, legal, or prescribed contexts.

Alteration

The act of making changes to a document, garment, or object that results in a modification of its original state.

Negotiable Instrument

A written agreement that commits to paying a precise amount of money, on demand or at a fixed time, with the person who will make the payment clearly identified on it.