Which of the Following Is Not a Short-Run Impact of Imposing

question 4

Multiple Choice

Which of the following is not a short-run impact of imposing quotas on the American industries they seek to protect?

• A) government tax revenues increase
• B) domestic production and sales by the protected industries increase
• C) consumers' real incomes decrease
• D) prices of the goods produced by protected industries increase

---

Definitions:

Austerity Measures

Economic policies implemented by a government to reduce public expenditure in an attempt to control public debt.

New Public Management

An approach to running public service organizations that is inspired by private sector principles and practices, emphasizing efficiency, performance measurement, and a service-oriented culture.

Solidarity Unionism

A model of labor organizing that emphasizes direct action and mutual support among workers, bypassing formal union structures and legal recognition processes.

Co-determination

A practice where workers have a role in the management and decision-making processes of a company, often through representation on boards.