Which of the Reasons Given for Tariff Protection Make Consumers

question 219

Multiple Choice

Which of the reasons given for tariff protection make consumers better off by generating lower prices?

• A) infant industry argument
• B) protecting U.S. jobs argument
• C) anti-dumping argument
• D) None provides lower prices for domestic consumers.

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Definitions:

UCC

A comprehensive set of legal guidelines governing sales and commercial transactions across the U.S., facilitating consistency and predictability.

Good Faith

An honest intention to act without taking unfair advantage over another party in a transaction.

Commercially Reasonable Manner

A standard requiring that actions taken in a business context comply with what a reasonable person would consider appropriate and fair in the same circumstances.

Merchant

An individual or company engaged in the buying and selling of goods or services in commerce, especially one dealing in a specific commodity or operating in a particular sector.