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.

---

Definitions:

Developing Fetus

A prenatal human between the embryonic state and birth, undergoing significant physical and physiological development.

External World

Describes everything outside an individual's mind, including people, objects, and the environment, as perceived through the senses.

Fetus

A stage in human development inside the womb from the end of the embryonic stage or the ninth week after fertilization until birth.

Germinal Stage

The Germinal Stage is the initial phase of prenatal development, occurring in the first two weeks post-conception, where the zygote divides and implants in the uterine wall.