An Essential Difference in the Impact of Import Quotas as Opposed

question 9

Multiple Choice

An essential difference in the impact of import quotas as opposed to tariffs is that

• A)import quotas generate no revenue for the government,whereas tariffs do.
• B)tariffs result in price increases for the foreign goods affected,whereas quotas do not.
• C)import quotas result in lower sales of foreign goods,whereas tariffs do not.
• D)tariffs are protectionist,whereas import quotas are oriented toward free trade.
• E)tariffs result in greater profits than import quotas for the American industries protected.

Understand the role and characteristics of peasants in industrial and pre-industrial societies.

Grasp the dynamics of international specializations and economic trends.

Understand the concept of hard currencies and their effect on international trade.

Identify elements that constitute a country's infrastructure.

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Definitions:

Blake And Mouton

Creators of the Managerial Grid model, which identifies different leadership styles based on concern for people and concern for production.

Task Behaviors

Actions and activities that an individual engages in to complete a given task.

Process Behaviors

Actions and conducts that contribute to the ongoing operations and methodologies within an organization or project.

Relationship Behaviors

Actions taken by individuals in leadership roles that help to establish and maintain positive interactions and connections with others.