Because Low Tariffs Have a High Ratio of Benefits to Costs

question 6

True/False

Because low tariffs have a high ratio of benefits to costs, they are an especially efficient way for nations to achieve full employment and growth.

---

Definitions:

Conference Board of Canada

A Canadian not-for-profit research organization that specializes in analyzing and disseminating economic trends, organizational performance, and public policy issues.

Workforce Planning

The process an organization uses to analyze its workforce and determine the steps required to prepare for future staffing needs.

Local Labour Market Data

Information about the employment environment within a specific area, including job availability, unemployment rates, and industry growth.

Conference Board of Canada

An independent research organization that specializes in economic trends, public policy, and organizational performance in Canada.