Most Economists Agree That Valid Reasons for Protecting Trade Include

question 74

Multiple Choice

Most economists agree that valid reasons for protecting trade include which of the following?
I. the economies of scale argument
II. the saving jobs argument
III. the protection of high wages argument

• A) I only
• B) I and II
• C) I and III
• D) None of the reasons are valid.

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Definitions:

Horns Error

A horns error occurs when the manager downgrades other aspects of an employee’s performance because of a single performance dimension.

Establishment Stage

The phase in a business or career development during which a foundation is built and stabilized, leading towards growth.

Horns Error

A bias in performance appraisals where a person is judged based on a single negative trait, impacting the overall assessment negatively.

Behaviorally Anchored Rating Scale

is a performance appraisal method that uses specific descriptions of employee behaviors to rate performance on a scale, providing a more objective and concrete evaluation.