Which of the following is not an argument for protectionism ?

Related Mcqs:

David Ricardo’s theory in favor of free trade uses the ideal of ?

A. absolute advantage B. mutual advantage C. multilateral advantage D. comparative advantage...

The imposition of a tariff causes consumption to _____ and imports to _________?

A. rise, rise B. fall, rise C. fall, fall D. rise, fall...

An optimal tariff is one which reduces imports to the level at which ____ equals ____?

A. imports, exports B. the balance of trade, zero C. The demand for currency the supply of currency D. social marginal cost, social marginal benefit...

A sudden shift from import tariffs to free trade may induce short-term unemployment in ?

A. Import-competing industries B. Industries that are only exporters C. Industries that sell domestically as well as export D. industries that neither import nor export...

If goods are exported for less than society’s marginal production cost and the marginal benefit to domestic consumers, it is likely that they benefit from?

A. an import subsidy B. a quota C. comparative advantage D. an export subsidy...