Which of the Reasons Given for Tariff Protection Make Consumers

question 219

Multiple Choice

Which of the reasons given for tariff protection make consumers better off by generating lower prices?

• A) infant industry argument
• B) protecting U.S. jobs argument
• C) anti-dumping argument
• D) None provides lower prices for domestic consumers.

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Definitions:

Own Biases

Own biases are the preset inclinations or prejudices an individual holds towards other people, objects, or ideas, often unconsciously influencing their perceptions and decisions.

Listening for Feelings

Paying attention to and understanding the emotions or sentiments expressed by someone, beyond just the words spoken.

Clearing Your Mind

The process of removing distractions and worries to focus better or relax.

Looking for Flaws

The act of critically examining something to identify mistakes or weaknesses.