The motive for the erecting trade barriers to import goods and services from abroad is to
A) improve economic efficiency in that nation.
B) protect and benefit special interest groups in that nation.
C) reduce the prices of the goods and services produced in that nation.
D) expand the export of goods and services to foreign nations.
Correct Answer:
Verified
Q83: When the dollar value of a country's
Q84: Dumping occurs when a producer
A)exports low priced
Q85: It is _ that a tariff,unlike a
Q86: Tariffs lead to
A)the contraction of relatively efficient
Q87: If the U.S.imposed a quota on motorcycle
Q89: Quotas are
A)methods for reducing imports by limiting
Q90: When the dollar value of a country's
Q91: It is _ that in international trade,when
Q92: A balance of trade deficit exists when
A)net
Q93: Suppose the opportunity cost of producing 1
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