Using Calculations of the Cost to Americans Per Job Saved

question 194

Multiple Choice

Using calculations of the cost to Americans per job saved in protected industries, it can be concluded that

• A) import quotas are an efficient way to redistribute income.
• B) each job saved is worth more than the cost imposed on consumers per job saved.
• C) each job saved is worth less than the cost imposed on consumers per job saved.
• D) tariffs are an efficient way to redistribute income to disadvantaged groups.

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Definitions:

Homeless Population

Individuals who lack stable and permanent housing, including those living on the streets, shelters, or in temporary accommodations.

Caste System

A form of social stratification where individuals' status is fixed at birth based on their parents' occupation and community membership, notably present in India.

Class System

A system of social stratification based on economic or social status, where individuals are grouped into hierarchical categories.

Social Mobility

The ability of individuals or families to move up or down the social ladder within a society, which can be a sign of a society's level of equality.