Continued Tariff Protection for Industries That Have Already Attained All

question 5

Multiple Choice

Continued tariff protection for industries that have already attained all potential economies of scale and possibilities for learning by doing is likely to

• A)increase employment in the protected industries.
• B)reduce average real income for the country's residents.
• C)decrease prices to consumers of the products produced in the protected industries.
• D)redistribute income away from the factors used in the protected industries.
• E)both A and B are correct.

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Definitions:

African American Culture

The cultural contributions, traditions, and lived experiences unique to African Americans, shaped by historical, social, and political factors in the United States.

Plantations

Large estates or farms where crops like cotton, tobacco, and sugar are cultivated, historically often by enslaved or indentured laborers.

Cities

Urban areas with high population density and infrastructure of built environment.

Slave Rebellion

An act of resistance or revolt by enslaved individuals against their owners or the systems of slavery.