The Purpose of ______ Is to Make Imports More Expensive

question 1

Multiple Choice

The purpose of ______ is to make imports more expensive for domestic buyers.

• A) dumping
• B) exchange controls
• C) embargos
• D) tariffs

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Definitions:

Rescission

The process of unwinding a transaction, returning all parties to their pre-contractual state.

Fraud

The intentional deception or misrepresentation made by a person or entity to gain an unfair advantage or harm another party.

Misrepresentation

The act of giving false or misleading information about a material fact, which can lead another person to act to their detriment or alter their position.

Scienter

Knowledge of wrongdoing or fraudulent intent in legal contexts, essential for establishing liability in some cases.