Which of the Following, When Levied on Imported Goods, Artificially

question 65

Multiple Choice

Which of the following, when levied on imported goods, artificially raises their price, thereby lowering their demand in the local markets?

• A)Tariffs
• B)Boycotts
• C)Quotas
• D)Embargo
• E)Exchange control

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Definitions:

Economic Citizenship

A concept where citizenship status and rights are linked to economic contributions or investments in a country.

Social Insurance Programs

Government-sponsored programs designed to provide financial support to individuals in events of unemployment, disability, or old age, aiming to protect against economic risks.

Federal Workmen's Compensation Laws

Laws enacted to provide financial and medical benefits to workers injured on the job, ensuring compensation without the need for litigation.

Woodrow Wilson

The 28th President of the United States (1913-1921), known for his leadership during World War I and his advocacy for the League of Nations.