Tariffs and Quotas Are Effective in Protecting Industry

question 147

Multiple Choice

Tariffs and quotas are effective in protecting industry

• A)but at very high cost per job saved.
• B)and at very low cost per job saved.
• C)but have not saved any jobs in the industries.
• D)and do not distort the economy in the process.

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Definitions:

Categories of Debts

Classification of debts based on characteristics such as secured vs. unsecured, short-term vs. long-term, or according to the type of lender (e.g., bank loan, bond).

Payout Percentage

The proportion of earnings distributed to shareholders in the form of dividends, typically expressed as a percentage of net income.

Note Payable

A formal written agreement to pay a specified amount of money, often including interest, by a certain date.