A Quota Has All of the Following Impacts Except

question 65

Multiple Choice

A quota has all of the following impacts except:

• A) drive up prices.
• B) create deadweight loss.
• C) help poorer countries.
• D) generate revenues for government.

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Definitions:

Action Planning

The process of defining strategies, tactics, and actions to achieve a specific goal or objective.

Groupthink

A psychological phenomenon in which the desire for harmony and conformity in a group results in an irrational or dysfunctional decision-making outcome.

Devil's Advocate

Playing the devil’s advocate involves taking a contrary position or argument, not necessarily personally held, to challenge assumptions and stimulate critical thinking in a discussion.

Critical Evaluator

An individual skilled in assessing situations, arguments, or evidence objectively to make reasoned judgments.