Tariffs and Quotas Are Different in the Sense That

question 7

Multiple Choice

Tariffs and quotas are different in the sense that

• A)tariffs cause deadweight losses,while quotas do not cause deadweight losses.
• B)tariffs raise revenue for the government,while quotas do not raise revenue for the government.
• C)tariffs enhance the well-being of domestic consumers,while quotas diminish the well-being of domestic consumers.
• D)tariffs enhance the well-being of domestic producers,while quotas diminish the well-being of domestic producers.

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Definitions:

Selective Abstraction

A cognitive distortion where an individual focuses on a single negative detail or event, often out of context, leading to a skewed perception of reality.

Overgeneralizing

A cognitive distortion where an individual makes broad interpretations from a single or few events, often leading to negative thinking patterns.

Authoritative Therapist

A therapist who employs a directive yet supportive approach, combining expertise with empathy to facilitate a client’s therapeutic progress.

Primitive

Referring to the early stages of development or to the most basic level of a society's culture or an individual's psychological development.