In Order of Preference,economists Would Choose

question 119

Multiple Choice

In order of preference,economists would choose

• A)quotas,tariffs,free trade.
• B)free trade,tariffs,quotas.
• C)tariffs,quotas,free trade.
• D)free trade,quotas,tariffs.
• E)tariffs,free trade,quotas.

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Definitions:

Personal Liability

involves the responsibility of an individual to personally satisfy debt or liability, potentially involving personal assets.

Fiduciary Relationship

A legal relationship wherein one party has the duty to act in another's best interests in matters over which they hold a trust or confidence.

Director

A member of the board of directors of a company who is responsible for participating in the decision-making processes regarding the company's management.

Officer Of The Corporation

A high-level management official within a corporation, usually appointed by the board of directors, responsible for day-to-day operations and implementing corporate policies.