During the 1990s, Deadweight Losses Per Job Saved Through Tariffs

question 10

Multiple Choice

During the 1990s, deadweight losses per job saved through tariffs and quotas in the apparel industry

• A) were greater than the wages earned in apparel jobs.
• B) were small enough to ignore.
• C) were less than the value of the jobs saved.
• D) increased net national welfare.

---

Definitions:

Lecturer

A person who gives talks or speeches on specific subjects, often in an academic or educational setting.

Cognitive Miser

A model of social cognition that characterises people as using the least complex and demanding cognitions that are able to produce generally adaptive behaviours.

Cognitive Heuristics

Mental shortcuts or rules of thumb that simplify decision-making processes, often leading to quick but sometimes inaccurate judgments.

Self-Concept

The comprehensive understanding an individual has of themselves, inclusive of beliefs, attitudes, and perceptions.