A Specific Tariff Provides Home Producers More Protection When

question 11

Multiple Choice

A specific tariff provides home producers more protection when

• A) the home market buys cheaper products rather than expensive products.
• B) it is applied to a commodity with many grade variations.
• C) the home demand for a good is elastic with respect to price changes.
• D) it is levied on manufactured goods rather than primary products.
• E) the home supply outnumbers the foreign imports.

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Definitions:

Voice

The ability or opportunity to express opinions, concerns, or suggestions in order to influence decisions within an organization or group.

Silence

The absence of sound or the state of being quiet; can also imply non-communication or refusal to speak in the context of social interactions.

Work Stress

Stress experienced due to job-related factors including deadlines, workload, interpersonal relationships, and job security.

Psychological Safety

A belief that one can speak up or take risks without fear of negative consequences to self-image, status, or career in a particular setting.