If a Large Country Imposes a Tariff

question 133

Multiple Choice

If a large country imposes a tariff:

• A) its economic welfare may increase.
• B) its economic welfare must always fall.
• C) its economic welfare will increase if its deadweight losses exceed gains from its terms-of-trade effect.
• D) the tariff will have the same impact as an identical tariff imposed by a small country.

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Definitions:

Role Occupant

An individual who holds a specific position or job within an organization and fulfills the associated responsibilities.

Role Analysis Technique

A method used in human resource management and organizational development to define roles and responsibilities within an organization.

Exit Interview

A meeting of a departing employee with the employee's supervisor and/or a human resource specialist to discuss the employee's reasons for leaving.

Affirmative Action

An organization's active effort to find opportunities to hire or promote people in a particular group.