The two primary reasons to adopt measures to restrict trade are that
A. they help keep real wages high in the importing country, and they also permit small businesses to compete in international markets.
B. they may help the importing country improve its educational system, and they keep high-technology products from being stolen by foreign competitors.
C. they may help the importing country get better prices for its goods, and they protect certain industries from foreign competition.
D. they may help advance the political goals of the nation, and they encourage productivity in domestic industries.
Answer: C
You might also like to view...
Describe the consumer equilibrium in the indifference curve/budget line model
What will be an ideal response?
If Big Scoops, a local ice cream parlor, purchases milk from a grocery store to make their ice cream, this is an example of ________.
A) outsourcing B) forward integration C) using a spot market D) backward integration
During the last several decades the labor force participation rate
a. of women has increased substantially. b. of men has increased substantially. c. of women has steadily declined. d. of both men and women has steadily declined.
An increase in a consumer's income will cause the budget line to:
A. shift outward. B. shift inward. C. become steeper. D. become flatter.