Economists Would Tend to Accept Which of the Following Arguments

question 17

Multiple Choice

Economists would tend to accept which of the following arguments in favour of tariffs?

• A)Tariffs are needed to avoid exporting jobs.
• B)Tariffs are needed to limit imports and reduce the capital flow from the country.
• C)Tariffs help to reduce inflation by reducing the price of domestic products.
• D)Temporary tariff protection in some situations may help to generate an eventual comparative advantage in that product.
• E)Tariffs will stimulate the domestic economy.

Identify misconceptions about human behavior and emotion.

Recognize the role of visualization and goal-setting in achieving success and happiness.

Acknowledge the complexity of measuring and researching emotions and emotional intelligence.

Understand how trauma and stress influence mental health and the effectiveness of therapeutic interventions.

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Definitions:

Lowest Terms

Lowest terms refer to a fraction that has been simplified to its smallest possible integer numerator and denominator.

Fractions

Fractions represent parts of a whole or any number of equal parts, typically written with a numerator and a denominator, separated by a slash.

Acres

A unit of land area measurement used in the U.S. customary and imperial systems, equal to 43,560 square feet or about 4,047 square meters.

Oats

A cereal grain known for its edible seeds, often consumed as oatmeal or rolled oats, and used as livestock feed as well as in various food products.