Which of the Following Is True of Import Tariffs and Quotas

question 140

Multiple Choice

Which of the following is true of import tariffs and quotas?

• A)They benefit domestic producers.
• B)Domestic consumers gain because they purchase the output of domestic firms.
• C)Specialization and comparative advantage are advanced by tariffs and quotas.
• D)They tend to expand the volume of world trade.
• E)Because they increase the output levels of domestic firms, they tend to lower domestic prices.

---

Definitions:

Social Networking Sites

Online platforms that enable users to create a public or semi-public profile, connect with other users, and exchange content and communication.

Online Sense of Community

A feeling of belonging and connectedness experienced by individuals in virtual communities or social networks.

Reich

Refers historically to a German empire or realm.

Bystander Nonintervention

The phenomenon where individuals do not offer help to a victim when other people are present, often due to diffusion of responsibility or fear of making the situation worse.