Tariffs and quotas are effective in protecting industry
A)but at very high cost per job saved.
B)and at very low cost per job saved.
C)but have not saved any jobs in the industries.
D)and do not distort the economy in the process.

Question

Quizplus · Accepted Answer

Tariffs and quotas can protect industries, but they often come at a high cost. The cost of protecting one job through tariffs or quotas can be much higher than the cost of providing job training or other support. This can result in the overall cost per job saved being very high.

Tariffs and Quotas Are Effective in Protecting Industry