Answer the following statements true (T) or false (F)
1.A tariff on steel imports tends to improve the competitiveness of domestic automobile companies.
2.If a tariff reduces the quantity of Japanese autos imported by the United States, over time it reduces the ability of Japan to import goods from the United States.
3.A compound tariff permits a specified amount of goods to be imported at one tariff rate while any imports above this amount are subjected to a higher tariff rate.
4.A tariff can be thought of as a tax on imported goods.
5.Although tariffs on imported steel may lead to job gains for domestic steel workers, they can lead to job losses for domestic auto workers.
1.False
2.True
3.False
4.True
5.True
You might also like to view...
Descriptive survey studies do not meet all conditions required for causality
Indicate whether the statement is true or false
______ refers to the use of strategies to increase the speed with which an organization goes from creativity to delivery.
a. Pace-based competition b. Efficiency competition c. Innovative competition d. Time-based competition
Donna is a personally-focused, destructive leader. One of her subordinates, Michael, goes along with Donna’s decisions and supports her. Michael has been described as immature and needy. Which type of susceptible follower is Michael?
A. conformer B. colluder C. conspirator D. charismatic
Competing on the basis of cost likely requires all of the following except?
a. Use of automation b. Purchasing in high volume c. Providing many customization options to customers d. Producing in large quantities