Which of the Following Is True About Import Quotas and Tariffs

question 57

Multiple Choice

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

• A)They promote global business across different continents.
• B)They can be a huge roadblock for a multinational firm.
• C)They help companies in nations with political uncertainties to do business overseas.
• D)They do not promote self-sufficiency.

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Definitions:

Disease

A condition that impairs normal functioning and is typically manifested by distinguishing signs and symptoms.

Interference Competition

A direct form of competition where one organism prevents another from accessing a resource, such as food or territory.

Exploitation Competition

A competitive interaction where organisms directly compete for limited resources by extracting them more efficiently or at a faster rate than others.

Contest Competition

A form of competition where individuals directly interact and compete for a limited resource, often involving physical confrontation or displays.