Currently Belize, a country in Central America, has a small coffee industry but does not export any coffee. Suppose the government of Belize, in order to protect the new coffee industry to enable it to grow into a mature industry that can compete in world markets, places a tariff on the importation of coffee. What is the argument that has been used to support the tariff on coffee?
A) the infant-industry argument
B) the dumping argument
C) protection of Belize coffee workers
D) to prevent rich countries from exploiting developing countries
Correct Answer:
Verified
Q163: During the first 6 months of 2008,
Q164: Give a brief description of the history
Q165: During the first 6 months of 2008,
Q166: In 2006, the European Union (EU) threatened
Q167: "When countries specialize in producing the good
Q170: Between August 2007 and July 2008, Brazil
Q171: During the first 6 months of 2008,
Q171: Define comparative advantage and discuss its role
Q172: In 2007, European Union (EU) negotiators have
Q173: During 2005-2006 Europe imported more than $70
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