Use the Following to Answer Questions

question 140

Multiple Choice

Use the following to answer questions:
Figure: Costs of Tariffs
-(Figure: Costs of Tariffs) Refer to the figure. From left to right, the first triangle, rectangle, and second triangle in the diagram for analyzing a tariff represent:

• A) unexploited gains from trade due to decreased domestic consumption, wasted resources from increased domestic production, and tariff revenues, respectively.
• B) tariff revenues, wasted resources from increased domestic production, and unexploited gains from trade due to decreased domestic consumption, respectively.
• C) wasted resources from increased domestic production, unexploited gains from trade due to decreased domestic consumption, and tariff revenues, respectively.
• D) wasted resources from increased domestic production, tariff revenues, and unexploited gains from trade due to decreased domestic consumption, respectively.

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Definitions:

Intended Message

The message that an individual or organization aims to convey through their communication.

Written Communications

Refers to the process of conveying messages or information through written forms, such as emails, reports, and memos.

Oral Communications

The process of expressing information or ideas through spoken words.

Interpersonal Process

Involves communication and interactions between two or more people, which can play a critical role in both personal relationships and professional settings.