The Most Likely Effects of Tariffs And/or Import Quotas Are

question 260

Multiple Choice

The most likely effects of tariffs and/or import quotas are to _____ prices and to _____ consumption of the protected goods in the importing country.

• A)raise; raise
• B)raise; lower
• C)lower; raise
• D)lower; lower

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Definitions:

Recursive Call

A function call in which the function calls itself within its own definition.

Computation

The process of performing mathematical or logical operations on data to transform, analyze, or generate new data.

Infinite Recursion

A condition where a function calls itself indefinitely, often leading to a stack overflow error.

Base Case

In recursive programming, the condition under which a recursive function returns without making any more recursive calls.