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Over the Long Run, Protecting a Domestic Industry Using a High

question 50

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Over the long run, protecting a domestic industry using a high tariff is likely to new products and production methods, thus making it to compete in the global marketplace.


Definitions:

Organizations

Groups of people structured and managed to meet a need or to pursue collective goals on a continuing basis.

Feedback Orientation

An individual's overall receptivity to feedback, reflecting their attitude and response towards receiving performance-related information.

MUM Effect

The tendency to avoid communicating unfavorable news or information, thereby withholding important or critical feedback.

Supportive Communication

A way of speaking that is empathetic, listens actively, and encourages positive and constructive feedback.

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