Economists Generally Oppose Trade Restrictions Such as Tariffs and Quotas;however,if

question 8

True/False

Economists generally oppose trade restrictions such as tariffs and quotas;however,if one these devices must be used,economists generally prefer tariffs to quotas.

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Definitions:

Unstable

Describes a situation, structure, or system that is not firmly fixed or is likely to change or fail suddenly.

Business Climate

The general economic environment and conditions that affect the operation and growth of businesses within a specific area.

Entities

Individuals, organizations, or businesses that exist as distinct and independent units, often for legal or business purposes.

Organization

An arranged group of people working together towards common goals, typically structured and managed to meet a need or to pursue collective goals.