Multiple Choice
One reason why there may be a bias against free trade is that
A) those harmed by trade have a powerful incentive to lobby against it
B) people prefer domestically-produced goods to foreign-produced goods
C) people prefer foreign-produced goods to domestically-produced goods
D) the terms of trade are too low
E) the exchange rate is too high
Correct Answer:

Verified
Correct Answer:
Verified
Q1: A nation should only import those goods
Q2: Politically,one reason trade restrictions are common is
Q3: When free international trade takes place,in accordance
Q5: If the opportunity cost of a television
Q6: In an Israeli factory,each worker can produce
Q7: A quota is a<br>A)tax imposed on each
Q8: Economists generally oppose trade restrictions such as
Q9: Suppose that a nation has an absolute
Q10: In a Mexican factory,each worker can produce
Q11: Figure 16-3<br>Quantities of goods that can be