Some argue that American workers cannot compete with cheap labor from many developing nations. This
A) justifies tariffs to protect domestic jobs.
B) justifies quotas to protect domestic jobs.
C) justifies infant industry protection for American workers.
D) is not true, as evidenced by the fact that the United States carries on a lot of trade with countries that have lower wages.
Correct Answer:
Verified
Q28: What term is applied to the situation
Q29: The infant-industry argument for tariff protection is
Q30: Dumping is
A) selling low-quality goods abroad.
B) exporting
Q31: Tariffs serve to
A) encourage exports.
B) encourage imports.
C)
Q32: Quotas serve to
A) encourage trade.
B) encourage imports.
C)
Q34: Suppose an industry receives protection from the
Q35: The effect of a tariff is to
A)
Q36: The effect of a tariff is to
A)
Q37: Which one of the following is FALSE?
A)
Q38: Which one of the following is FALSE?
A)
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