If the Economic Arguments Against Tariffs and Quotas Are That

question 79

Multiple Choice

If the economic arguments against tariffs and quotas are that they are very costly for the macroeconomy, why are they imposed?

• A) The costs to individual consumers are small, whereas individual producers gain much from such trade barriers.
• B) Consumers have very large lobbying budgets.
• C) The costs to individual consumers are large, whereas individual producers gain little from such protection.
• D) The domestic prices of protected goods fall after the tariff or quota is imposed.

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Definitions:

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Assessments that measure an individual's knowledge or abilities in a way that is intended to be free of bias, usually featuring standardized questions with predetermined answers.

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Self-report data or questionnaire data used in psychological studies to assess traits, feelings, and attitudes.

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A statistical method used in psychology for exploring correlations between variables across respondents to identify common factors.

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A method in personality research that involves gathering information about an individual's life from records or observations.