MACROECONOMICS FOR TODAY
10th Edition
ISBN: 9781337613057
Author: Tucker
Publisher: CENGAGE L
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Question
Chapter 18, Problem 9SQ
To determine
The argument that is not a part of protectionism.
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Which of the following is not an argument used in favour of protectionism?
a.to protect an "infant " industry
b.to protect domestic jobs
c.to preserve national security
d.to protect against "unfair"competition because of cheap labor
e.to reduce prices paid by domestic consumers
Which of the following is not an argument used in favor of protectionism?
a. to protect an "infant"industry
b.to protect domestic jobs
c. to preserve national security
d. to protect against "unfair" competition because of cheap foreign labor
e. to reduce prices paid by domestic consumers
Protectionism has three main forms: tariffs, import quotas, and...
Group of answer choices
Non-Tariff barriers
Currency manipulation
Border intervention
Negative externality enforcement
Chapter 18 Solutions
MACROECONOMICS FOR TODAY
Ch. 18.4 - Prob. 1GECh. 18.6 - Prob. 1GECh. 18 - Prob. 1SQPCh. 18 - Prob. 2SQPCh. 18 - Prob. 3SQPCh. 18 - Prob. 4SQPCh. 18 - Prob. 5SQPCh. 18 - Prob. 6SQPCh. 18 - Prob. 7SQPCh. 18 - Prob. 8SQP
Ch. 18 - Prob. 9SQPCh. 18 - Prob. 10SQPCh. 18 - Prob. 11SQPCh. 18 - Prob. 1SQCh. 18 - Prob. 2SQCh. 18 - Prob. 3SQCh. 18 - Prob. 4SQCh. 18 - Prob. 5SQCh. 18 - Prob. 6SQCh. 18 - Prob. 7SQCh. 18 - Prob. 8SQCh. 18 - Prob. 9SQCh. 18 - Prob. 10SQCh. 18 - Prob. 11SQCh. 18 - Prob. 12SQCh. 18 - Prob. 13SQCh. 18 - Prob. 14SQCh. 18 - Prob. 15SQCh. 18 - Prob. 16SQCh. 18 - Prob. 17SQCh. 18 - Prob. 18SQCh. 18 - Prob. 19SQCh. 18 - Prob. 20SQ
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Similar questions
- Which of the following is not a valid economic argument for protectionism? A. infant industry argument B.exports are good comma imports are bad exports are good, imports are bad C.to improve terms of trade to improve terms of trade D. protection of specific groups E. promoting diversificationarrow_forwardDescribe how protectionism affects the price of the protected good in the domestic market? Who ends up paying the cost of protectionism?arrow_forwardAll of the following are examples of protectionism except most favored nation treatment voluntary export restraints tariffs dumpingarrow_forward
- Protectionism uses tariffs as trade barriers? True or Falsearrow_forwardAnalyse how protectionism can affect consumers in a countryarrow_forwardWhat would someone who supports protectionism likely say? A. The United States should end tariffs so consumers see more competitive prices on imported goods and services. B. The United States should end quotas so consumers can have greater access to more imported goods and services. C. The United States should increase subsidies to domestic producers so they can produce more at more competitive prices. D. The United States should pursue free trade agreements with all of the major trading partners to maintain peaceful relationships.arrow_forward
- What is Protectionism? Group of answer choices State policies imposing barriers to restrict imports for a variety of reasons. Economic theory that international commerce should increase a state's wealth through favorable balance of trade. Beliefs, drawn from Marxist and Neo-Marxist writing, that poor labor conditions, colonial expansion, and divisions between the rich and the poor can be blamed on international capitalism.arrow_forwardProtectionism is most likely to be justified toarrow_forwardWhat are some of the economic and noneconomic rationales governments use to intervene in trade? Discuss the advantages and disadvantages of protectionist policies.arrow_forward
- Why would a country promote protectionism?arrow_forwardDefine protectionism as a policy and describe what a country stands to lose when it enacts such a policy.arrow_forwardProtectionism is the practice of protecting domestic business against foreign competition, is very controversial. What is your opinion of protectionism?arrow_forward
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