Asked by
Andrea Brenner
on Oct 12, 2024Verified
Most economists _________ tariffs and _________ quotas.
A) favor;favor
B) oppose;oppose
C) favor;oppose
D) oppose;favor
Tariffs
Taxes levied on imported goods and services, intended to make imported goods more expensive to protect domestic industries.
Quotas
Limits set by a government on the amount of a specific good that can be imported or exported during a given time frame, often to protect domestic industries.
- Evaluate the arguments for and against tariffs, quotas, and free trade policies.
Verified Answer
KC
Learning Objectives
- Evaluate the arguments for and against tariffs, quotas, and free trade policies.
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