Which of the following is an infant industry argument in favor of restrictions on foreign trade?
A) Foreign producers must be prevented from exporting their goods below cost of production.
B) Domestic workers must be protected from lower wages paid in foreign countries.
C) The nation's security demands we ensure an adequate domestic supply of certain strategic goods.
D) Do unto others as they do unto you.
E) Industries in the early stages of development must be protected from competing with the more mature producers.
Correct Answer:
Verified
Q57: A French export is a good
A) produced
Q58: A good produced in Japan and sold
Q59: If Boliva's terms of trade changes from
Q60: The largest volume of trade in the
Q61: Which of the following is not an
Q63: Which of the following is an antidumping
Q64: Which of the following is a diversity
Q65: In international trade, dumping refers to
A) producing
Q66: Which of the following is not a
Q67: A tariff is a
A) tax on exports
B)
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