Which of the Following Is False

question 14

Multiple Choice

Which of the following is false?

• A)Tariffs and quotas are identical in their effects, if the protected industry is a monopoly.
• B)Quotas tend to breed graft.
• C)Welfare effects of quotas depend, in part, on who gets the quota rents.
• D)Quotas tend to be administrated in an arbitrary fashion.

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Definitions:

Acquiring Supply

The process of obtaining goods or services needed by an organization or individual.

Paleolithic Design

Artistic and functional designs created during the Paleolithic era, characterized by cave paintings, carvings, and early tools.

Artistic Message

The idea, theme, or emotion that the creator of an artwork intends to communicate to the viewer.

Symbolic Designs

Patterns or motifs used to convey specific meanings, often associated with cultural, religious, or social significance.