In Order to Claim That a Tariff and Other Forms

question 16

Multiple Choice

In order to claim that a tariff and other forms of government intervention raise social welfare one must be able to demonstrate that

• A) something prevents factors from shifting into industries that yield lower costs than are available in other sectors in the economy.
• B) something prevents factors from shifting into industries that yield higher costs than are available in other sectors in the economy.
• C) something prevents factors from shifting into industries that yield lower returns than are available in other sectors in the economy.
• D) something prevents factors from shifting into industries that yield higher returns than are available in other sectors in the economy.
• E) short term losses will be greater than long term gains.

---

Definitions:

Honesty-Humility

A personality dimension reflecting levels of fairness, sincerity, and avoidance of manipulation towards others.

Self-Esteem

A person's overall subjective sense of personal worth or value.

Self-Efficacy

A person's confidence in their ability to perform actions required to achieve certain outcomes.

Components of Diversity

The various attributes and characteristics that make individuals or groups different from each other, including but not limited to, race, gender, culture, and sexual orientation.