Economists Would Tend to Accept Which of the Following Arguments

question 17

Multiple Choice

Economists would tend to accept which of the following arguments in favour of tariffs?

• A)Tariffs are needed to avoid exporting jobs.
• B)Tariffs are needed to limit imports and reduce the capital flow from the country.
• C)Tariffs help to reduce inflation by reducing the price of domestic products.
• D)Temporary tariff protection in some situations may help to generate an eventual comparative advantage in that product.
• E)Tariffs will stimulate the domestic economy.

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Definitions:

Sociological

Pertaining to the study of the development, structure, and functioning of human society, as well as social problems and behaviors.

Physiological

Physiological pertains to the functions and activities of living organisms and their parts, including all physical and chemical processes.

Emotion-focused Coping

A strategy for managing stress by addressing and controlling one’s emotional response to stressors rather than the stressors themselves.

Problem-focused Coping

A strategy aimed at addressing and managing the source of stress rather than merely alleviating its symptoms, often involving practical solutions.