Which of the Following Is True of Import Tariffs and Quotas

question 140

Multiple Choice

Which of the following is true of import tariffs and quotas?

• A)They benefit domestic producers.
• B)Domestic consumers gain because they purchase the output of domestic firms.
• C)Specialization and comparative advantage are advanced by tariffs and quotas.
• D)They tend to expand the volume of world trade.
• E)Because they increase the output levels of domestic firms, they tend to lower domestic prices.

Comprehend the dynamics of information transmission among politicians, media, and the public.

Recognize the focus and purpose of political communication.

Differentiate between government relations and public affairs.

Understand the role of communicators in informing the public and their chain of command.

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Definitions:

Affirmative Action

Policies and practices designed to promote the employment, education, and training opportunities of marginalized groups, particularly minorities and women, to reduce inequality and discrimination.

Managing Diversity

The practice of recognizing, understanding, and leveraging differences among individuals in an organization to improve team dynamics, innovation, and inclusivity.

Performance Appraisals

A systematic evaluation of an employee's job performance and productivity to understand their abilities for further growth and development.

Legally Defensible

Pertains to actions, decisions, or policies that can be successfully upheld in a court of law or against legal scrutiny.