Which of the Following Is True About Import Quotas and Tariffs

question 8

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 go overseas.
• D) They do not promote self-sufficiency.

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Definitions:

Ethical Imperative

A strong moral obligation or duty which compels someone to act in a certain way based on ethical considerations.

Rational Agents

Entities capable of making decisions based on reasoning, often in the context of economic models or artificial intelligence.

Intrinsic Worth

This refers to the inherent value that an entity has, independent of its utility or benefit to others.

Means to End

A method or action carried out for the purpose of achieving a specific goal or outcome.