Tariffs Lead to

question 139

Multiple Choice

Tariffs lead to

• A)the expansion of relatively efficient industries.
• B)an under 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:

Human Capital

The accumulation of knowledge and skills that make a worker productive.

Great Society Program

A set of domestic policy initiatives launched by President Lyndon B. Johnson aimed at eliminating poverty and racial injustice.

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A decade marked by major political and social change globally, including the Civil Rights Movement in the United States, the Vietnam War, and the rise of counterculture.

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The idea that individuals are accountable for their actions and the consequences of those actions.