Which of the Following Is a Correct Statement About Tariffs

question 19

Multiple Choice

Which of the following is a correct statement about tariffs and quotas?

• A) Tariffs and quotas both increase social welfare.
• B) Tariffs are less restrictive than quotas if demand increases.
• C) Quotas have less of an impact on markets than tariffs do.
• D) Tariffs are restricted under GATT rules but quotas are not.

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Definitions:

Authoritative Parenting

A parenting style characterized by high levels of demand and responsiveness, where parents set clear standards and rules but also provide emotional support and encouragement.

Positive Adolescent Outcomes

Refers to beneficial results stemming from experiences or interventions during adolescence, typically in areas such as mental health, academic success, or social relationships.

Collectivist Cultures

Societies that prioritize the group's needs over individual desires, emphasizing community, cooperation, and interdependence.

Individualistic Cultures

Cultures in which people are considered fundamentally independent and which value standing out by achieving private goals.