What Is One of the Major Shortcomings of Using Tariffs

question 233

Multiple Choice

What is one of the major shortcomings of using tariffs or quotas to "save American jobs"?

• A) Trade barriers protect the development of new technology, but the new technology eliminates jobs.
• B) Import restrictions alter the composition of domestic employment, but they have minimal effect on the overall level of domestic employment.
• C) The volume of trade with other nations is limited to a few industries, so trade restrictions would not increase national employment.
• D) Major American firms have produced many products in other countries and would not hire more domestic labor when trade barriers are imposed.

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Definitions:

Injunctive Norm

A belief about what behaviors are generally approved of or disapproved of in one’s culture.

Descriptive Norm

A belief about what most people typically do.

Conserve Water

The practice of using water efficiently to reduce unnecessary waste and to ensure its availability for future generations.

Descriptive Norms

Refers to the perception of behaviors that are typical or normal within a specific group, guiding members' actions based on what is commonly done.