According to the _____ argument for protection, tariffs can shield new industries from import competition until they have grown strong and efficient enough to withstand the competition by foreign producers ?

Related Mcqs:

A tax of 20 rupees per unit of imported cheese would be an example of a (an) ?

A. Compound tariff B. Effective tariff C. Ad valorem tariff D. Specific tariff...

With the tariff, the quantity of imports falls to ?

A. 12,000 units B. 20,000 units C. 30,000 units D. 42,000 units...

If I purchase a stereo from South Korea, I obtain the stereo and South Korea obtains the dollars But if I purchase a stereo produced in the Pakistan I obtain the stereo and the rupees remain in Pakistan, This line of reasoning is ?

A. valid for stereos, but nor for most products imported by Pakistan B. valid for most products imported by Pakistan but not for stereos C. deceiving since Koreans eventually spend the dollars on Pakistani goods D. deceiving since the dollars spent on a stereo built in the Pakistan eventually wind up overseas...

Suppose that the nominal tariff rate on finished computers is 12 percent and that the weighted average of the nominal tariff rates on the inputs used in producing computers is 18 percent. Thus, the effective rate of protection for the computer industry must ?

A. be less than 12 percent and can be negative B. be less than 12 percent but must be greater than zero C. equal 6 percent D. exceed 30 percent...

Concerning a government’s trade policy, all the following generally apply except ?

A. economic downturn and recession generally result in greater protectionism B. because domestic consumers outnumber domestic producer’s policy markers usually enact Free-trade policies to satisfy the consumer majority: C. When domestic exporting companies are organized, policy tends to favor freer trade D. Policy tends to favor freer trade in countries whose imports are inputs into … Concerning a government’s trade policy, all the following generally apply except ?Read More...