Which of the Following Identifies an Attribute of Tariffs

question 65

Multiple Choice

Which of the following identifies an attribute of tariffs?

• A)Tariffs reduce the price of foreign goods for domestic consumers.
• B)Tariffs reduce the overall efficiency of the world economy.
• C)Tariffs increase exports from a sector.
• D)Tariffs increase foreign competition for domestic producers.
• E)Tariffs increase efficient utilization of resources.

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Definitions:

Centration

A cognitive limitation in early child development, where the focus is on one salient aspect of a situation, neglecting other possible factors, as described in Piaget's theory of cognitive development.

Egocentrism

A cognitive characteristic where an individual has difficulty understanding or acknowledging a perspective other than their own.

Narcissism

A personality trait characterized by an exaggerated sense of self-importance, need for admiration, and lack of empathy for others.

Disparity

A great difference or inequality between two or more things, often leading to an unfair situation.