Which of the Following Is True About Import Controls

question 37

Multiple Choice

Which of the following is true about import controls?

• A) Nontariff barriers like voluntary restraint agreements are self-imposed restrictions and cutbacks aimed at avoiding punitive trade actions from the host.
• B) Import controls generally exact a small price from domestic consumers.
• C) The social cost of import controls benefits the economy in all situations.
• D) Import controls improve the productivity of an industry, provide it with a level of safety and a cushion of increased income, and lead the drive for technological advancement.

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Definitions:

Personal Fable

A concept in adolescent psychology where an individual believes their thoughts, feelings, and experiences are unique and exceptional.

Sense of Autonomy

An individual's perception of their capacity to make independent choices and exercise control over their own life.

Period of Rebellion

A phase often associated with adolescence in which an individual challenges authority, norms, and conventional behaviors as a part of their identity development.

Scaffolding

A type of instruction in which an adult adjusts the amount of guidance provided to match a child’s present level of ability.