Which of the following policy objectives can sometimes lead a government of a small economy to rationally oppose free trade?
A) to prevent domestic currency from going abroad
B) to raise average living standards
C) to diversify production in the domestic economy
D) to maximize national income
E) to protect against low- wage labour from abroad
Correct Answer:
Verified
Q104: Suppose that lumber,a homogeneous product,is exported from
Q105: A common,but invalid argument for using tariffs
Q106: The table below shows the prices
Q107: The diagram below shows the demand and
Q108: The diagram below shows the domestic demand
Q110: Continued tariff protection for industries that have
Q111: Suppose a national government chooses to impose
Q112: The diagram below shows the domestic demand
Q113: The diagram below shows the demand and
Q114: If a country is small in world
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