Which of the Following Is an Incorrect Observation

question 132

Multiple Choice

Which of the following is an incorrect observation?

• A)​Import tariffs benefit domestic producers and the government, but harms domestic consumers.
• B)​Gains from trade in terms of world output are reduced by export subsidies.
• C)​The overall domestic employment effects of a tariff imposition are likely to be positive.
• D)​If the imposition of a tariff leads to retaliatory tariffs by other countries, domestic employment outside the industry gaining the tariff protection would likely suffer.

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Definitions:

Automated Chemical Processing

The use of technology and machinery to perform chemical reactions and operations with minimal human intervention, enhancing efficiency and safety.

Continuous-Process Technology

Systems or technologies that produce goods or services in an uninterrupted flow, often seen in industries like chemicals or power generation.

Considerable Automation

The significant use of machines or digital technologies to perform tasks that were traditionally done by humans.

Environmental Turbulence

The rate and magnitude of change that an organization faces from external sources.