Continued Tariff Protection for Industries That Have Already Attained All

question 42

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

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Definitions:

I/O Addressing

The method or scheme by which inputs and outputs are identified and accessed by a control system, allowing for data exchange with specific external devices or sensors.

Protective Ground Wires

Cables designed to safely direct excess electrical energy from a circuit or device to the earth, reducing the risk of electric shock or fire.

Operating Temperature

The range of temperature within which a device, component, or system is designed to function effectively without degrading performance or reliability.

30ºC

A temperature value, often referenced in the context of operational or environmental conditions under which equipment or processes are designed to function efficiently.