Tariffs Lead to

question 30

Multiple Choice

Tariffs lead to

• A)the contraction of relatively efficient industries.
• B)an over allocation of resources to relatively efficient industries.
• C)an increase in the foreign demand for domestically produced goods.
• D)an under allocation of resources to relatively inefficient industries.

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Definitions:

Ethics Training

A program designed to teach employees about the principles, standards, and behaviors expected in a professional environment to encourage ethical decision-making.

Employee Behavior

Refers to the actions and conduct of individuals in a workplace setting, which can directly impact organizational culture, productivity, and overall business operations.

Social Responsibilities

The obligations of individuals, organizations, and societies to act in ways that benefit the welfare of the community and environment beyond their own interests.

Wide-Ranging Disagreement

Refers to extensive or broad-based conflict of opinions or beliefs among individuals or groups.