Which of the following is not a disadvantage of government intervention in trade policy?
A) Intervention can be self-defeating, since it tends to protect the inefficient rather than help firms become efficient global competitors
B) Intervention in the form of tariffs, quotas, and subsidies can help firms and industries establish a competitive advantage in the world economy
C) Intervention is unlikely to be well executed, since it may invite retaliation and trigger a trade war
D) Intervention is dangerous, since it may invite retaliation and trigger a trade war
E) None of these answers is correct
Correct Answer:
Verified
Q80: _ is the main effect of the
Q81: The acronym WTO stands for
A) World Trade
Q82: A direct restriction on the quantity of
Q83: What economic sector did the WTO tackle
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Q86: According to the opening case,one of the
Q87: Typically at the request of the importing
Q88: A tariff reduces the cost of imported
Q89: Specific tariffs are leveled as a proportion
Q90: The WTO's policing and enforcement mechanisms are
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