Which of the Following Is an Incorrect Observation

question 132

Multiple Choice

Which of the following is an incorrect observation?

• A)​Import tariffs benefit domestic producers and the government, but harms domestic consumers.
• B)​Gains from trade in terms of world output are reduced by export subsidies.
• C)​The overall domestic employment effects of a tariff imposition are likely to be positive.
• D)​If the imposition of a tariff leads to retaliatory tariffs by other countries, domestic employment outside the industry gaining the tariff protection would likely suffer.

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Definitions:

Regulatory Flexibility Act

A U.S. law that aims to minimize the impact of regulations on small businesses and other small entities by requiring federal agencies to consider less burdensome alternatives.

Small Businesses

Enterprises characterized by a small number of employees, limited revenue, and size within their industry.

Less Burdensome Alternatives

Options or solutions that demand less effort, costs, or restrictions while achieving a similar outcome.

Occupational Safety

The discipline concerned with designing work environments and practices to prevent worker injury and illness.