The Long-Run Effect of Tariffs Is

question 109

Multiple Choice

The long-run effect of tariffs is:

• A)an increase in domestic employment.
• B)an increase in export businesses.
• C)a reallocation of domestic workers from export industries to protected domestic industries.
• D)a reallocation of consumer spending to imported products over domestically-produced products.

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Definitions:

Unconditional Positive Regard

A concept in psychology where one shows total acceptance and support for someone else without placing any conditions on that acceptance.

Disaster Victims

Individuals adversely affected by a catastrophic event such as a natural disaster, accident, or intentional human action.

Chaos

A state of extreme confusion and disorder, often resulting from the absence of clear organization or predictable behavior.

Disaster Strikes

An unexpected and often sudden event causing great damage, destruction, or hardship.