Which of the Examples Below Is an Example of a Negative

question 22

Multiple Choice

Which of the examples below is an example of a negative reference group?

• A) Your parents play bridge as part of a bridge club. They read books about strategy in bridge in order to improve their understanding of the game and become more competitive players.
• B) Each fall, your neighborhood hosts a chili cook-off, with a person being crowned "Chili King" or "Chili Queen" and being given a small trophy and the right to brag about their performance.
• C) You are a new public high school teacher, and you join a group of other early-career teachers every Thursday night for drinks at a local bar to commiserate about the challenges of your work.
• D) Your parents point to a group of juvenile delinquents who are frequently in trouble with the law as examples of how they do not want you to behave.

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Definitions:

Import Quota

This is a restriction by a country on the quantity of a good that can be imported, aimed at protecting domestic industries from foreign competition.

Tariffs Decreased

Refers to a reduction in taxes imposed on imported goods, which can lead to increased trade between countries and potentially lower prices for consumers.

U.S. Imports

Goods and services purchased by residents of the United States that are produced in and brought from other countries.

Long-Run Effect

The ultimate impact of economic policies or market changes, characterized by all inputs and outputs being variable and firms fully adjusting to new conditions.