If Adjustment Costs Associated with Removing Trade Restrictions Are High

question 198

Multiple Choice

If adjustment costs associated with removing trade restrictions are high, trade barriers should

• A)not be removed.
• B)be increased while workers are being retrained for new jobs.
• C)be slowly phased out to give workers time to retrain and find new jobs.
• D)be immediately removed so workers are forced to retrain and find new jobs.
• E)not be changed until all workers have left because of attrition.

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Definitions:

Abuse of Process

The misuse of legal procedures for a purpose other than that which the procedures were intended to serve.

Malicious Prosecution

A legal claim made against someone for wrongfully initiating criminal or civil proceedings without proper grounds.

Nuisance Action

A lawsuit filed to stop or rectify a harm that arises from the improper use of land, which interferes with a person's enjoyment or use of their own land.

Battery

A tort involving non-consensual, harmful, or offensive physical contact with another person.