Tariffs and Quotas Are Effective in Protecting Industry

question 147

Multiple Choice

Tariffs and quotas are effective in protecting industry

• A)but at very high cost per job saved.
• B)and at very low cost per job saved.
• C)but have not saved any jobs in the industries.
• D)and do not distort the economy in the process.

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Definitions:

Coping

The process of managing external or internal demands that are perceived as taxing or exceeding personal resources.

Rapid Change

A situation or event that evolves quickly over a short period of time, often with profound effects.

Continuance Commitment

Commitment based on the costs that would be incurred in leaving an organization or a lack of suitable job alternatives.

Pension Fund

A pool of funds accumulated to pay employees' retirement benefits, contributed by employers, employees, or both.