Multiple Choice
Diversification for stability argument is given as an excuse for imposing tariff and quotas against imports in some countries.This argument is based on:
A) the fact that some of the highly specialized economies such as Saudi Arabia are very dependent on international markets for their income.
B) the fact that some highly specialized economies such as Cuba do not want any foreign income getting into their country.
C) the fact that imposing such tariffs and quotas has little economic cost for the host country.
D) the fact that Canada needs such tariff and quotas to protect its industries.
Correct Answer:

Verified
Correct Answer:
Verified
Q32: The increased-domestic-employment argument for tariff protection holds
Q52: The following information is about the cost
Q53: The World Trade Organization advocates new protections
Q54: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6686/.jpg" alt=" Refer to the
Q56: The major beneficiaries of a tariff on
Q58: Which of the following is one of
Q59: The following is the Production possibilities data
Q60: Refer to the diagrams below.The solid lines
Q61: When Sally can paint a house and
Q71: A nation will import a particular product