Which of the Following Statements Concerning Tariffs Is NOT

question 20

Multiple Choice

Which of the following statements concerning tariffs is NOT true?

• A) A tariff creates revenue for the government.
• B) A tariff leaves the price of imports unchanged.
• C) A tariff decreases international trade.
• D) A tariff results in a loss for for domestic consumers of the good.

---

Definitions:

Merit Pay Plans

Compensation strategies that provide pay increases based on an employee's performance, as opposed to seniority or hours worked.

Performance Management System

A continuous process by which managers and employees work together to plan, monitor, and review an employee’s work objectives and overall contribution to the organization.

Performance Measures

Metrics or indicators used to assess the effectiveness, quality, or efficiency of an individual's, group's, or organization's output or activities.

Rewards

Benefits or recognition given to employees for their work performance, often used as a motivational tool within organizations.