The Use of Tariffs and Quotas for Trade Protection Results

question 74

Multiple Choice

The use of tariffs and quotas for trade protection results in:

• A) Lower prices for domestic consumers
• B) Less revenue for government
• C) Less efficiency in the economy
• D) Less rent-seeking activity

---

Definitions:

Interpersonal Skill

The ability to effectively communicate, interact, and work well with individuals and groups through understanding, empathy, and effective verbal and non-verbal communication.

Egocentric

Characterized by an excessive interest in oneself and concern with one's own needs, desires, or interests rather than those of others.

GLOBE Research Program

A large-scale research project examining cultural influences on leadership and organizational practices across the world.

House Et Al.

Refers to researchers or a specific study associated with Robert J. House, known for contributions to the field of leadership theories and models.