Workers in Industries Protected by Tariffs and Quotas Are Likely

question 95

Multiple Choice

Workers in industries protected by tariffs and quotas are likely to support these trade restrictions because

• A)they do not want to offend their employers who want them.
• B)politicians lobby to convince workers the restrictions will make them better off.
• C)they believe the restrictions will protect their jobs.
• D)they don't understand that the restrictions will threaten their jobs.

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Definitions:

Spreadsheet Simulation

A technique involving the use of spreadsheet software to model and analyze complex systems or processes.

Target Return

A pricing strategy where the price is set based on a desired return on investment or profit margin.

Target Return-on-investment Pricing

A pricing strategy aiming to set prices based on the expected return on investment (ROI) that is targeted by the company.

Annual Target ROI

The specific return on investment a company aims to achieve within one fiscal year.