Multiple Choice
The main reason for trade restrictions is to
A) improve international relationships.
B) protect the jobs of workers in industries that are not globally competitive.
C) leverage each country's comparative advantage.
D) increase world GDP.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q252: Which statement is TRUE?<br>A) Consumers benefit from
Q253: When there is no trade between Econostan
Q254: Some argue that select industries need protection
Q255: Which statement does NOT describe a concern
Q256: The United States has not used quotas
Q258: One problem with the infant industry argument
Q259: If Canada is using all its resources
Q260: Describe some of the trade restrictions used
Q261: _ refers to circumstances when a market
Q262: (Figure: Market for Watches in Countries A