What Is the Main Purpose of Most Tariffs and Quotas

question 37

Multiple Choice

What is the main purpose of most tariffs and quotas?

• A)To raise revenue for the government.
• B)To reduce the prices consumers pay for goods and services.
• C)To reduce the foreign competition that domestic firms face.
• D)To improve the quality of goods and services imported into the country.

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Definitions:

Self-Improvement

The process of enhancing one's knowledge, status, character, or well-being through personal efforts and positive thinking.

Defensive Pessimists

Individuals who employ a strategy of setting low expectations and mentally preparing for negative outcomes to manage anxiety and perform well.

Defensive Optimists

Individuals who manage their anxiety about achieving goals by setting lower expectations, yet remain motivated to achieve success.

Reverse Optimists

Individuals who tend to anticipate negative outcomes instead of positive ones, which can affect their decision-making and risk assessment.