The Main Purpose of Most Tariffs and Quotas Is to

question 8

Multiple Choice

The main purpose of most tariffs and quotas is to

• A)raise revenue for the government.
• B)reduce the prices consumers pay for goods and services.
• C)reduce the foreign competition that domestic firms face.
• D)improve the quality of goods and services imported into the country.

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Definitions:

Competitive Or Ambitious

Describes individuals or behaviors driven by the desire to succeed or excel over others.

Easy-Going

Describes a person who is relaxed, tolerant, and not easily upset or stressed.

Inferiority Feelings

Emotions characterized by a lack of self-worth or a perception of being less valuable or capable in comparison to others.

Later-Borns

Individuals born later in the birth order of a family, who may experience different developmental dynamics than firstborns.