The argument that foreign trade should be restricted to protect domestic employment and output is based on the fact that:
A) foreign buyers are more costly to serve than domestic buyers.
B) foreign firms compete with domestic firms in domestic markets.
C) domestic producers do not depend on foreign suppliers for critical factors of production.
D) the most important influence on domestic employment and output is government trade restrictions.
Correct Answer:
Verified
Q85: Which of the following organizations in the
Q86: Restricting trade to protect an industry in
Q87: In international trade, an infant industry is
Q88: According to the protectionist viewpoint, an infant
Q89: Restricting trade on the assumption that consumer
Q91: A protectionist argument that dependence on foreign-produced
Q92: The protectionist argument for diversification is concerned
Q93: Which of the following protectionist arguments arises
Q94: It has been argued that trade restrictions
Q95: Application 16.2, "Gloria Flunks the Professor,"demonstrates that:
A)
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents