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:

Myogenic Mechanism

A physiological mechanism by which blood vessels automatically adjust their resistance to maintain constant blood flow despite changes in arterial blood pressure.

Afferent Arterioles

Small blood vessels that carry blood toward the nephrons in the kidneys, regulating blood pressure and filtration.

Blood Pressure

The force exerted by circulating blood on the walls of blood vessels, an essential indicator of cardiovascular health.

Proximal Convoluted Tubule

A segment of the nephron in the kidney where the bulk of reabsorption of water, ions, and nutrients from the filtered blood occurs.