Multiple Choice
Economists consider tariffs to be
A) necessary for the protection of domestic industries and the achievement of full employment.
B) harmful to domestic consumers.
C) obstacles that hinder voluntary exchange and gains from trade.
D) both b and c above
Correct Answer:

Verified
Correct Answer:
Verified
Q164: A downfall of the infant-industry argument is
Q165: Firms in a high-wage nation such as
Q166: For each watch Denmark produces, it gives
Q167: What benefits are to be gained from
Q168: Figure 17-9 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7348/.jpg" alt="Figure 17-9
Q170: The following table indicates the production possibilities
Q171: Which of the following is true?<br>A) Specialization
Q172: Which of the following has occurred since
Q173: If import restrictions prohibit foreigners from selling
Q174: Figure 17-9 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7348/.jpg" alt="Figure 17-9