Which of the following positions would a mercantilist support?
A) Trade in manufacturing goods is good for the US.
B) Imports to the U.S.from Japan are beneficial to the U.S.
C) Exports from Japan to the U.K.are beneficial to Japan.
D) Movement of labor from UK to US is beneficial to US.
Correct Answer:
Verified
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Q149: A quota is
A)a tax on exported items.
B)a
Q150: A tariff is
A)a tax on imports.
B)a tax
Q151: Figure 22-9 Q153: As a result of pure free trade
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