Which of the following identifies an attribute of tariffs?

A. Tariffs reduce the price of foreign goods for domestic consumers.
B. Tariffs reduce the overall efficiency of the world economy.
C. Tariffs increase exports from a sector.
D. Tariffs increase foreign competition for domestic producers.
E. Tariffs increase efficient utilization of resources.

Answer: B. Tariffs reduce the overall efficiency of the world economy.

Business

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Use the information in Scenario 9.5. If Tom decides to order at the economic order quantity, what is the sum of the annual ordering cost and holding cost?

A) less than or equal to $90 B) greater than $90 but less than or equal to $100 C) greater than $100 but less than or equal to $115 D) greater than $115

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It is common for a printer to be equipped with a higher data rate

capability than its printing capability. Indicate whether the statement is true or false

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