Which of the following arguments are used to justify tariff protection?
A) It increases international competition.
B) It allows more goods and services in the country.
C) It protects industries needed for comparative advantage.
D) It protects key industries needed for national security.
Correct Answer:
Verified
Q46: If country A lowers its tariffs even
Q46: Which of the following are benefits of
Q47: The purpose of tariffs is to:
A)reduce imports
Q51: Which of the following is an infant-industry
Q52: The infant industry argument is based on:
A)the
Q54: The national security argument for tariff protection
Q55: If a small country is protecting its
Q58: It is argued that strategic trade may
Q59: Using tariffs to trade only with some
Q101: The main problem with using the infant
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