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:

Learning Opportunities

Situations or programs designed to facilitate the acquisition of knowledge, skills, and competencies in a specific area of interest.

Employee Hotline

A dedicated phone line or communication service set up by organizations for employees to report grievances, seek help, or provide anonymous feedback.

Non-Verbal Communication

The transmission of messages by some medium other than speech or writing.

360-Degree Feedback

A feedback mechanism where an employee receives anonymous feedback from peers, subordinates, supervisors, and sometimes clients, to assess performance.