The Long-Run Effect of Tariffs Is

question 109

Multiple Choice

The long-run effect of tariffs is:

• A)an increase in domestic employment.
• B)an increase in export businesses.
• C)a reallocation of domestic workers from export industries to protected domestic industries.
• D)a reallocation of consumer spending to imported products over domestically-produced products.

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Definitions:

Employee Participation

Involvement of employees in the decision-making processes of an organization, aiming to increase engagement and morale.

Pay-Related Decisions

Choices made by employers regarding compensation, including wages, salaries, bonuses, and benefits, directly affecting employee remuneration.

Incentive Plan

A program designed by organizations to motivate and reward employees for reaching specific performance targets.

Administering Plans

The process of implementing and managing organizational plans, strategies, or policies effectively.