Tariffs lead to
A) the expansion of relatively efficient industries.
B) an under allocation of resources to relatively efficient industries.
C) an increase in the foreign demand for domestically produced goods.
D) an under allocation of resources to relatively inefficient industries.
Correct Answer:
Verified
Q215: All of the following statements are true
Q216: Which statement is true?
A)Most of our recent
Q217: Q218: Statement I: On balance,the U.S.in the last Q219: Between 2005 and 2008 our trade surplus Q221: The principle of comparative advantage states that Q222: Both _ and _ targeted the huge Q223: When net exports are negative,there is a Q224: Since the mid-1970s our merchandise balance of Q225: Our merchandise trade deficit was $_ billion
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