The USEconomy Would Gain from the Elimination of Tariffs and Quotas

question 172

True/False

The U.S.economy would gain from the elimination of tariffs and quotas even if other countries do not reduce their tariffs and quotas.

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Definitions:

Shareholders

Individuals or entities that own shares in a company, making them partial owners of that company.

LLC

Limited Liability Company, a business structure in the United States that protects its owners from personal responsibility for its debts or liabilities.

Joint Venture

A business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task.

Syndicate

An investment group that comes together for the explicit purpose of financing a specific large project.