Multiple Choice
Which one of the following is FALSE?
A) A nation pays for its imports through its exports.
B) As imports into a country increase, its unemployment rate will increase.
C) Trade allows each country to specialize in producing those goods for which it enjoys a comparative advantage.
D) Both tariffs and quotas reduce the volume of trade.
Correct Answer:
Verified
Correct Answer:
Verified
Q48: The infant-industry argument asserts that firms can
Q49: A country has a comparative advantage in
Q50: During the Great Depression, many industrial countries
Q51: Table 16.1<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB10969/.jpg" alt="Table 16.1
Q52: A country can enhance its wealth by
Q54: In the U.S. today, imports are over<br>A)
Q55: Some argue that American workers cannot compete
Q56: Table 16.6<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB10969/.jpg" alt="Table 16.6
Q57: A country can only have a comparative
Q58: A restriction on imports will eventually result