General Motors Benefits from Tariffs on Imported Automobiles

question 95

Multiple Choice

General Motors benefits from tariffs on imported automobiles.Companies that use many automobiles, such as rental agencies, want to get them cheaply.In this case, the issue of tariff legislation involves

• A)a simple majority because it promises concentrated costs and benefits
• B)competing interests because it promises concentrated costs and benefits
• C)a simple majority because it promises concentrated benefits and widespread costs
• D)competing interests because it promises concentrated benefits and widespread costs
• E)competing interests because it promises concentrated costs and widespread benefits

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Definitions:

Collective Bargaining

The process of negotiation between employers and a group of employees aimed at agreements to regulate working salaries, working conditions, and other aspects of workers' compensation and rights.

Exportable

Pertains to goods or services that can be sold abroad effectively, benefiting from international markets.

Management

The process of planning, organizing, leading, and controlling an organization's human, financial, physical, and information resources to achieve organizational goals in an efficient and effective manner.

Monopsonist

A single buyer dominant in a market, capable of influencing prices due to its purchasing power.