Multiple Choice
The two primary reasons to adopt measures to restrict trade are that
A) they help keep real wages high in the importing country, and they also permit small businesses to compete in international markets.
B) they may help the importing country improve its educational system, and they keep high-technology products from being stolen by foreign competitors.
C) they may help the importing country get better prices for its goods, and they protect certain industries from foreign competition.
D) they may help advance the political goals of the nation, and they encourage productivity in domestic industries.
Correct Answer:
Verified
Correct Answer:
Verified
Q39: A tariff is a tax on imports.
Q40: Figure 34-8<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8592/.jpg" alt="Figure 34-8
Q41: What matters most in determining efficient distribution
Q42: The United States has relatively low tariffs.
Q43: Large gains from trade are most likely
Q45: A quota is<br>A)a tax on exported items.<br>B)a
Q46: "The United States has more oil in
Q47: Comparative advantage is the ability to produce
Q48: Dumping means selling goods in a foreign
Q49: Figure 34-6<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8592/.jpg" alt="Figure 34-6