Continued Tariff Protection for Industries That Have Already Attained All

question 58

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)redistribute income away from the factors used in the protected industries.
• D)decrease prices to consumers of the products produced in the protected industries.
• E)both A and B are correct.

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Definitions:

Charge Rate

Charge rate denotes the speed at which a battery or capacitive device is charged, typically measured in amperes or a relative percentage per hour.

Exponential

The rate at which current rises and falls in inductor or the rate at which capacitors charge and discharge.

Dielectric Stress

The electric stress or field strength within an insulating material, which can lead to breakdown if it exceeds the material's dielectric strength.

Voltage Difference

The difference in electric potential between two points in an electric circuit, driving the flow of current.