Quotas Are Similar to Tariffs in That They Do All

question 30

Multiple Choice

Quotas are similar to tariffs in that they do all of the following except

• A) increase domestic production
• B) decrease consumption
• C) directly raise price
• D) reduce imports

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Definitions:

Challenges

Difficult situations that require a person to utilize skills and resources in order to overcome them.

Alfred Binet

A French psychologist best known for developing the first practical intelligence test, the foundation for modern IQ testing.

Psychological Measurement

The process of acquiring and quantifying psychological traits, abilities, or outcomes through tests and assessments.

Pragmatic

Relating to a practical point of view or practical considerations, often focusing on the practical or logical approach to problems.