Using Calculations of the Cost to Americans Per Job Saved

question 194

Multiple Choice

Using calculations of the cost to Americans per job saved in protected industries, it can be concluded that

• A) import quotas are an efficient way to redistribute income.
• B) each job saved is worth more than the cost imposed on consumers per job saved.
• C) each job saved is worth less than the cost imposed on consumers per job saved.
• D) tariffs are an efficient way to redistribute income to disadvantaged groups.

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Definitions:

Perceptual Selection

The process by which individuals select, organize, and interpret sensory information in the world around them.

Conscientiousness

A personality trait characterized by organization, dependability, and a strong sense of duty.

Pollyanna Principle

The tendency for people to remember pleasant items or experiences more accurately than unpleasant ones.

Perceptual Selection

The process by which individuals filter and select informational cues from the environment based on relevance and personal biases.