A Real Cost of Tariffs and Quotas That Is Difficult

question 29

Multiple Choice

A real cost of tariffs and quotas that is difficult to measure is that they

• A)encourage rent seeking.
• B)shift income from consumers to producers.
• C)limit the quantity of imports.
• D)reduce wages.

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Definitions:

Industry Benchmark Information

Comparative data by which a company can measure its performance against that of other companies within the same industry.

Statistics Canada

Statistics Canada is the national statistical office of Canada, responsible for producing data on the Canadian economy, society, and environment that aids in informed decision-making.

Dun & Bradstreet Canada

A branch of the global corporation Dun & Bradstreet that specializes in providing commercial data, analytics, and insights for businesses in Canada.

Fixed Asset Turnover Ratio

A financial metric that measures how efficiently a company uses its fixed assets to generate sales.