Tariffs

question 147

Multiple Choice

Tariffs

• A) result in lower prices for consumers.
• B) restrict domestic exports.
• C) generate revenues for government.
• D) result in lower prices for businesses.
• E) result in lower prices for government.

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Definitions:

Industrial Unionism

A labor union organizing method where all workers in the same industry, regardless of their specific jobs or skills, are organized into a single union.

Working Class

A social group consisting of people employed in lower tier jobs, often involving manual labor and receiving wages.

Employing Class

A term that represents the group of individuals or entities that hire or employ workers, typically used in discussions surrounding labor and economic dynamics.

Wage System

A method or structure for compensating employees based on hours worked, job role, or performance, among other factors.