One Reason Consumers Don't Lobby to Have Tariffs and Quotas

question 54

Multiple Choice

One reason consumers don't lobby to have tariffs and quotas removed is that:

• A) they often don't have the incentive to organize politically.
• B) government officials believe that corporations are more important to the economy.
• C) tariffs and quotas impose no cost on consumers.
• D) they are willing to pay the higher price in support of domestic businesses.

---

Definitions:

Time Periods

Distinct intervals of time used for financial analysis, planning, and accounting, can range from short-term to long-term durations.

Future Value

The estimated amount of money an investment is expected to be worth in the future, taking into account a specified rate of interest or growth.

Annuity Due

A type of annuity in which payments are made at the beginning of each period, typically used in leases and rental agreements, resulting in higher present value compared to ordinary annuities.

Present Value

The current worth of a future sum of money or stream of cash flows given a specified rate of return, frequently used in the evaluation of investment opportunities.