When a Tariff Is Imposed, There Is Always an Additional

question 84

Multiple Choice

When a tariff is imposed, there is always an additional loss. One loss occurs when production moves from more efficient foreign producers to less efficient domestic producers. This loss is the:

• A) consumption loss.
• B) efficiency transfer.
• C) production loss.
• D) X-factor.

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Definitions:

Content Validity

The extent to which a test measures all aspects of the concept or construct it intends to assess.

Reliability

The degree to which an assessment tool produces stable and consistent results over multiple administrations.

Heritability

A measure of how much of the variation in a trait among individuals within a population is due to genetic factors.

Factor Analysis

A statistical approach for expressing the differences among observed, interrelated variables by means of fewer, not directly observed variables, referred to as factors.