How Do High Tariffs and Other Restraints on International Trade

question 115

Multiple Choice

How do high tariffs and other restraints on international trade affect the prosperity of a nation?

• A)They increase domestic employment and thereby promote the growth of real GDP.
• B)They prevent the nation from fully realizing potential gains from specialization,exchange,and competition,thereby reducing economic growth.
• C)They tend to reduce rent-seeking and lobbying by producers and thereby promote economic growth.
• D)Both a and c are correct.

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Definitions:

Clinical Skill

The competency of healthcare providers in applying practical and theoretical knowledge within a clinical setting for effective patient care.

Tangible Gifts

Items or objects that can be physically touched and are given as presents.

Increase Access To Care

Efforts or measures taken to reduce barriers and enhance individuals' ability to obtain necessary healthcare services.

Cultural Sensitivity

The awareness, understanding, and respect for cultural differences and the implications these differences have in research, policy, and practice.