Multiple Choice
Which statement is NOT an argument against free trade?
A) Industries vital for national defense must be protected.
B) Domestic workers need to be protected from displacement by cheap foreign labor.
C) Infant industries require government protection to compete in global markets.
D) Consumers need to be protected against comparative advantage.
Correct Answer:
Verified
Correct Answer:
Verified
Q23: Economists have found that foreign trade zones
Q24: The difference between a tariff and a
Q25: The terms of trade between two countries
Q26: Which of these is an example of
Q27: Why does the presence of diminishing returns
Q29: Restricting trade with countries that do not
Q30: Suppose a Vietnamese shoe manufacturer is selling
Q31: As incomes rise in developing countries, environmental
Q32: A tax on imports is called a(n)<br>A)
Q33: In general, the fewer the trade restrictions