Multiple Choice
Which of the following examples refers to licensing?
A) Governments or local authorities permitting only national firms to operate domestic coach and bus services
B) Credit controls that favour domestic firms
C) Governments preferring to buy military equipment from domestic armaments manufacturers
D) Professions that only recognise their own national qualifications
Correct Answer:
Verified
Correct Answer:
Verified
Q1: The infant industry argument for protection is
Q3: What are some of the non- economic
Q4: Which of the following is not a
Q5: The case for free trade is based
Q6: Explain how specialisation and trade benefit all
Q7: Which of the following statements is not
Q8: The following chart shows world growth in
Q9: The WTO has no power to impose
Q10: The efficiency loss from protection is the
Q11: The following diagram shows a country which