A Common Argument for the Use of Tariffs (For a Large

Multiple Choice

A common argument for the use of tariffs (for a large economy) when the objective is to maximize a country's national income is to

A) improve the country's terms of trade.
B) subject infant industries to the discipline of the market.
C) enjoy the advantages of diversification.
D) prevent learning-by-doing by potential trade partners.
E) increase the prices of domestic exports.