Both Tariffs and Import Quotas

question 212

Multiple Choice

Both tariffs and import quotas

• A)increase the quantity of imports and raise the domestic price of the good.
• B)increase the quantity of imports and lower the domestic price of the good.
• C)decrease the quantity of imports and raise the domestic price of the good.
• D)decrease the quantity of imports and lower the domestic price of the good.

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Definitions:

Charismatic Leadership

A leader’s use of personal abilities and talents to have profound and extraordinary effects on followers.

Situational Leadership Model

A leadership theory that proposes the effectiveness of leadership styles varies depending on the readiness and behavior of the people being led and the specifics of the situation.

Telling Style

A communication approach characterized by explicitly instructing or directing others in what they should do.

Task Behavior

A leadership style characterized by clear explanations of tasks, directions, and expectations to ensure that goals are understood and accomplished.