Tariffs Are More Likely to Be Imposed When

question 3

Multiple Choice

Tariffs are more likely to be imposed when:

• A)the lobbying efforts of the consumer advocacy groups are much stronger than those of the producers.
• B)the average gain per proponent far exceeds the average cost per opponent.
• C)the number of people who are hurt by protectionist measures exceeds the number of people who gain from protectionist measures.
• D)import-competing producers are unorganized.

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Definitions:

Logically

Pertains to clear, structured, and reasonable thinking or arguing based on established principles of validity.

Systematically

In a methodical and organized manner, following a fixed plan or system.

Cognitive Strategies

Techniques or approaches utilized in thinking or problem-solving to achieve specific goals.

Working Memory

A cognitive system that holds and manipulates information over short periods, crucial for reasoning, guidance of decision-making, and behavior.