Creating Market Power Through the Use of Tariffs or Quotas

question 22

Multiple Choice

Creating market power through the use of tariffs or quotas can

• A)drive price to the monopoly level.
• B)increase the world price of the good that is targeted.
• C)increase government revenue.
• D)All of the above.

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Definitions:

Cognitive Theories

Psychological theories emphasizing mental processes such as perception, memory, and problem-solving as sources of understanding behavior and mental state.

Negative Thinking

A cognitive process characterized by pessimistic attitudes and expectations about oneself or the world.

Hopeless Style

An individual's tendency to perceive negative events as unavoidable and unchangeable, leading to feelings of despair.

Bipolar Disorder

A mental disorder characterized by periods of elevated mood (mania) and periods of depression, affecting a person’s energy level and ability to function.