Which of the following is true about import controls?
A) Nontariff barriers like voluntary restraint agreements are self-imposed restrictions and cutbacks aimed at avoiding punitive trade actions from the host.
B) Import controls generally exact a small price from domestic consumers.
C) The social cost of import controls benefits the economy in all situations.
D) Import controls improve the productivity of an industry, provide it with a level of safety and a cushion of increased income, and lead the drive for technological advancement.
Correct Answer:
Verified
Q28: _ occurs when a government demands partial
Q29: When the United Nations (UN)votes on economic
Q30: Events caused by factors outside the control
Q31: In the United States,the _ excludes from
Q32: _ refer to governmental actions that distort
Q34: Which of the following is true about
Q35: When products and goods enter a market
Q36: _ are designed to deny or at
Q37: Which of the following is NOT a
Q38: As required by government mandate,anyone wishing to
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