26 Jul WHICH OF THE FOLLOWING STATEMENTS IS AN EXAMPLE OF A PRACTICAL CONSTRAINT ON TRADE?
Protection of industries that may be displaced because of cheap foreign labor is an argument that Show more . Protection of industries that may be displaced because of cheap foreign labor is an argument that has not proved valid. Question 1 options: True False One rationale used for tariff protection involves when: Question 2 options: the importing country finds its cost of producing its products higher than it is in other countries. imports are produced by foreign firms which are more efficient than domestic producers. the importing country wants to practice international price discrimination. imports are produced by foreign firms that receive subsidies from their governments. Save Question 3 (1 point) Question 3 Unsaved Suppose a Vietnamese shoe manufacturer were selling shoes to the European Union for $10 a pair but selling those same shoes for $15 a pair in Vietnam. If the cost per pair of shoes is $12: Question 3 options: the European Union could accuse Vietnam of using the infant industry argument. the European Union could charge the Vietnamese shoe manufacturer with dumping. the European Union could accuse Vietnam of using the national defense argument. the European Union definitely has a comparative advantage in producing shoes. Question 4 (1 point) Question 4 Unsaved The maximum amount of a good that may be imported during a specified period of time is: Question 4 options: dumping. comparative advantage. an infant industry agreement. an import quota. Question 6 (1 point) Question 6 Unsaved _____ is when a market is too underdeveloped to achieve comparative advantage. Question 6 options: Infant industry Consumer protection Dumping Low foreign wages Government restrictions on the quantity of particular imports from a specific country are called: Question 7 options: tariffs. quotas. ad valorem taxes. embargoes. On which of the following commodities has the United States imposed quotas? Question 8 options: Japanese automobiles Malaysian automobiles refined gasoline copper Which of the following statements is correct? Question 9 options: International trade lowers global production. Tariffs encourage international trade. It is always in the producers interest to open borders to trade. There are both winners and losers from international trade. Which of the following statements is an example of a practical constraint on trade? Question 10 options: Production possibilities curves exhibit increasing returns. Transportation and communication costs occur with every trade. Workers in every industry in the trading countries will benefit from trade. Small countries may not have any absolute advantages in producing goods. Trade is restricted by all of the following except: Question 11 options: the payment of export subsidies. the imposition of an import quota. the imposition of an export quota. the use of regulations and license requirements. Show less
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