Multiple Choice
Tariffs are not defended on the ground that they
A) improve the terms of trade of foreign nations.
B) protect jobs and reduce unemployment.
C) promote growth and development of young industries.
D) prevent over-dependence of a country on only a few industries.
E) protect domestic producers from foreign low prices.
Correct Answer:
Verified
Correct Answer:
Verified
Q3: Economic theory in general, and trade theory
Q4: Tariff rates on products imported into the
Q5: The principle benefit of tariff protection goes
Q13: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4546/.jpg" alt=" -Refer to above
Q17: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4546/.jpg" alt=" -Refer to above
Q23: The main redistribution effect of a tariff
Q28: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4546/.jpg" alt=" -Refer to above
Q29: If the tariff on computers is not
Q54: Some argue that tariffs always hurt the
Q64: It is argued that a tariff may