One Reason for the Success That Firms Have in Getting

question 128

Multiple Choice

One reason for the success that firms have in getting the government to erect barriers to foreign competition is that jobs lost to foreign competition are easy to identify but jobs created by foreign trade are often hard to identify.Which of the following is a second reason?

• A)The costs that tariffs and quotas impose on consumers are large in total but relatively small per person.
• B)People who benefit from foreign trade tend not to vote in elections; people who are harmed by foreign trade are much more likely to vote.
• C)Firms that benefit from trade barriers have more money to lobby government officials to support the barriers than do firms that are harmed by trade barriers.
• D)The benefits from free trade are less than the costs.

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Definitions:

Situation Aspects

The various elements or circumstances that define a particular situation or context, influencing its outcome or how it is perceived.

Behavioral Dimensions

The various aspects or components of behavior that can be measured or assessed, such as intensity, frequency, duration, and complexity.

Behavioral Models

Theories or frameworks that explain how and why people behave the way they do, often used in psychology and organizational behavior.

Leadership

The ability to guide, inspire, and influence people toward achieving a common goal.