Continued Tariff Protection for Industries That Have Already Attained All

question 28

Multiple Choice

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

• A)reduce employment in the protected industries.
• B)reduce the stream of tariff revenue to the government.
• C)redistribute income in favour of the factors used in the protected industries.
• D)decrease prices to consumers of the products produced in the protected industries.
• E)result in increased demand for imports.

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Definitions:

Big Five Personality Traits

A model outlining five broad dimensions of human personality: Openness, Conscientiousness, Extraversion, Agreeableness, and Neuroticism.

Conscientiousness

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

Openness

A personality trait that involves the willingness to experience new ideas, activities, and thoughts without resistance.

Conditions Of Worth

The conditions under which individuals judge themselves worthy of the positive regard of others, as proposed by Carl Rogers in his theory of personality.