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:

Withdrawal Symptoms

Physical and psychological symptoms that follow the abrupt discontinuation or decrease in intake of a substance.

Drug Addiction

A chronic disease characterized by compulsive or uncontrollable drug seeking and use despite harmful consequences and changes in the brain, which can be long-lasting.

Heroin

An opiate drug derived from morphine, often used illicitly for its euphoric effects, highly addictive and dangerous.

Addiction Risk

The potential likelihood of an individual developing dependency on substances or behaviors despite harmful consequences.