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.

Comprehend the methods and importance of methods analysis in operation management.

Understand the principles and application of work sampling and time studies in measuring work performance.

Describe the concept of the visual workplace and its benefits to the organization.

Explain the concepts of normal pace, labour standards, and establishing a fair day's work.

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Definitions:

Gender Roles

Social and behavioral norms that are considered appropriate for individuals of a specific sex within a given society.

Confederate

Relating to or denoting the Confederate States of America, the collection of southern states that seceded from the United States in 1861-1865.

Modern Blockbuster

A high-budget, high-profile film intended to be a major commercial success, often featuring star actors, extensive marketing, and visual spectacle.

Golden Age

A period of great achievement, production, or prosperity in a specified field, often seen as a historical or cultural peak.