Which of the Following Statements Is True of the Impact

question 37

Multiple Choice

Which of the following statements is true of the impact of trade restrictions on domestic employment?

• A)Domestic firms will produce the goods that otherwise would have been produced abroad,thus employing foreign workers instead of domestic workers.
• B)Beside the protected industry,other industries will also benefit in terms of employment.
• C)Domestic consumers will be required to pay lower prices for the output of the protected industry.
• D)Restrictions imposed on trade simply redistribute jobs by creating employment in the protected industry and reducing employment elsewhere.
• E)If other countries retaliate by restricting the entry of the domestic exports,the output of domestic firms that produce for export will rise.

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Definitions:

Internal Attributions

The process of explaining one's own or others' behavior as being caused by internal characteristics, such as personality traits or abilities.

External Attributions

The process of attributing the cause of one's own or others' behaviors to external factors or situations.

Attribution Theory

The view that people are motivated to discover the underlying causes of behavior as part of their effort to make sense of the behavior.

Self-Fulfilling Prophecy

A belief or expectation that influences behavior in a way that causes the belief to become true.