If It Is Desirable to Enhance the Incomes of Factors

question 47

True/False

If it is desirable to enhance the incomes of factors used intensively in the import-competing industry, then a tariff would actually lower national welfare.

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Definitions:

Individual Differences

Refers to the variations among individuals in their qualities, abilities, skills, perceptions, and behaviors.

Valences

In psychology, refers to the intrinsic attractiveness or averseness of an event, object, or situation.

Technical Orientation

The focus on or preference for dealing with technical aspects of a job, project, or field of study.

Praised

Recognition or expression of approval for someone's work or achievements.