Using Calculations of the Cost to Americans Per Job Saved

question 113

Multiple Choice

Using calculations of the cost to Americans per job saved in protected industries, it can most likely be concluded that

• A) import quotas are an efficient way to redistribute income.
• B) each job saved is worth more than the cost imposed on consumers per job saved.
• C) tariffs are an efficient way to redistribute income to disadvantaged groups.
• D) each job saved is worth less than the cost imposed on consumers per job saved.

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Definitions:

Enlightenment

An intellectual and philosophical movement in the 17th and 18th centuries emphasizing reason, individualism, and skepticism of traditional doctrines.

Consumerism

The cultural model that encourages the acquisition of goods and services in ever-increasing amounts.

Evangelical Christianity

A branch of Protestant Christianity that emphasizes the importance of being "born again" and the authority of the Bible.

Great Awakening

A series of religious revivals in the American colonies during the 18th century, which emphasized individual piety and being born again.