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 protection of Belize coffee workers
C) To prevent rich countries from exploiting developing countries
D) The dumping argument
Correct Answer:
Verified
Q126: Q127: The gains from free trade are enjoyed Q128: Tariffs _ consumer surplus and import quotas Q129: If Australia imposes a tariff on imported![]()
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