Economists Believe the Most Persuasive Argument for Protectionism Is to Protect

question 26

Multiple Choice

Economists believe the most persuasive argument for protectionism is to protect infant industries.But the argument has a drawback.What is this drawback?

• A)Governments always make the level of protection for infant industries too high.
• B)Governments are usually too impatient and do not allow protection to remain in place long enough to allow industries to be competitive in international markets.
• C)Governments usually use tariffs, rather than quotas, to protect infant industries in order to collect tariff revenue. (Quotas do not result in government revenue).
• D)Protection lessens the need for firms to become productive enough to compete with foreign firms; this often results in infant industries never "growing up."

Understand the impact of ADHD and workaholic tendencies on workplace productivity.

Comprehend the purpose and techniques of work streamlining to enhance efficiency.

Identify strategies for improving concentration and reducing absentmindedness in work tasks.

Acknowledge the role of digital technology in productivity and the misconceptions surrounding it.

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Definitions:

Strong Synergy

A situation where combined actions or operations of entities create an outcome greater than the sum of their separate effects.

Social Facilitation

The enhancement of performance observed when an individual performs in the presence of others, compared to when alone.

Köhler Effect

A phenomenon observed in groups where less capable members perform better when working collectively than they would on their own, inspired by the work of Gestalt psychologist Wolfgang Köhler.

Inferior Member

In a group setting, it refers to a member perceived or deemed to be of lesser skill, contribution, or value compared to others within the group.