If a Nation Imposes Tariffs and Quotas on Foreign Products

question 120

Multiple Choice

If a nation imposes tariffs and quotas on foreign products, the immediate effect, if no retaliation is immediately imposed by other countries will be to:

• A)reduce the rate of domestic inflation.
• B)increase efficiency in the world economy.
• C)increase domestic output and employment.
• D)reduce domestic output and employment.

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Definitions:

Emotional Intelligence

The capacity to be aware of, control, and express one's emotions, and to handle interpersonal relationships judiciously and empathetically.

Leader Factors

Attributes or qualities that contribute to an individual's effectiveness in guiding others.

Trait Approach

The theory that effective leaders possess certain inherent personality traits or qualities.

Great Persons

A theory of leadership that suggests history is shaped by the impact of outstanding leaders or heroes with inherent traits of greatness.