Which of the Following Statements Is True

question 254

Multiple Choice

Which of the following statements is true?

• A)Free trade benefits a country when it exports but harms it when it imports.
• B)"Voluntary" limits on Canadian exports of hogs are better for the United States than U.S.tariffs placed on Canadian hog exports.
• C)Tariffs and quotas differ in that tariffs work like a tax and therefore impose deadweight losses,whereas quotas do not impose deadweight losses.
• D)Free trade benefits a country both when it exports and when it imports.

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Definitions:

Formal Policies

Officially established rules or guidelines within an organization that dictate certain actions or behaviors, designed to achieve consistency and compliance.

Preconventional

A level of moral reasoning in Kohlberg's theory where behavior is influenced by external rewards and punishments.

Moral Development

The process through which individuals evolve in their understanding of what is right and wrong and in their behavior in accordance with this understanding.

Fixed Points of Reference

Specific, unchanging locations or objects used for orientation, measurement, or to determine one's position in space.