Almost All Economists Agree That Tariffs and Import Quotas

question 4

Multiple Choice

Almost all economists agree that tariffs and import quotas

• A)reduces general economic welfare.
• B)increases general economic welfare.
• C)have no effect on general economic welfare.
• D)stimulate a less than fully employed economy.

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Definitions:

Delegating Duties

The process of assigning responsibility and authority to another person to carry out specific activities, while the original person remains accountable for the outcome.

Famous Tenor

A famous tenor is a celebrated male singer with a high voice range known for his performances in operas and concerts.

England

A country that is part of the United Kingdom, known for its rich history, cultural heritage, and as the birthplace of the English language.

Assignees

Individuals or entities to which rights or obligations are transferred or delegated through a process known as assignment.