The Nationally Optimal Tariff Is the Tariff for Which

question 51

Multiple Choice

The nationally optimal tariff is the tariff for which:

• A)the production effect is equal to the consumption effect of the tariff.
• B)the government collects the highest tariff revenue.
• C)the difference between the government tariff revenue and the sum of consumption and production effect is the highest.
• D)the difference between the part of the tariff paid by the exporters and the welfare loss associated with the consumption and production effects is the highest.

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Definitions:

Classical Conditioning

The method of teaching through the repeated coupling of two stimuli; the response, initially caused by the second stimulus, is later caused by only the first stimulus.

Token Economy

A behavioral modification method that uses tokens as a form of reinforcement for exhibiting desirable behaviors, which can be exchanged for privileges or treats.

Lost-time Injuries

Work-related injuries that result in an employee being unable to work for a period of time beyond the day of the injury.

Mining Safety

Practices, procedures, and regulations designed to minimize health and safety risks to workers in the mining industry.