Multiple Choice
Which of the following decreases the volume of international trade?
A) increasing tariffs
B) decreasing quotas
C) lower transportation costs
D) stable monetary conditions
Correct Answer:
Verified
Correct Answer:
Verified
Q52: Protectionism acts to encourage trade.
Q53: Use the following to answer questions:<br>Figure: International
Q54: Who does protectionism hurt?<br>A) domestic producers only<br>B)
Q55: Why does economic growth require job destruction?<br>A)
Q56: A trade quota is:<br>A) a restriction on
Q58: Economic benefits to tariffs and import quotas
Q59: Eliminating tariffs on imported sugar would:<br>A) cause
Q60: Use the following to answer questions:<br>Figure: Bananas
Q61: Protectionism refers to government policies that:<br>A) restrict
Q62: When the world price is below the