Tariffs Increase the Overall Efficiency of the World Economy Because

question 38

True/False

Tariffs increase the overall efficiency of the world economy because a protective tariff encourages domestic firms to produce products at home,in theory,which could be produced more efficiently abroad.

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Definitions:

Racial Categories

Classifications of humans into groups based on physical traits, ancestry, genetics, or social relations, often influencing identity and social positions.

Institutional Discrimination

Discrimination that has become part of the structures, processes, and procedures of organizations, leading to the disadvantage of certain groups.

Modelling Agency

A business representing fashion models, working to connect them with clients, including designers, advertisers, photographers, and magazines.

Visible Minority Members

Individuals who belong to a racial or ethnic minority that can be distinguished from the majority through visible characteristics.