MICROECONOMICS FOR TODAY (LL)-W/MINDTAP
10th Edition
ISBN: 9781337739115
Author: Tucker
Publisher: CENGAGE L
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Question
Chapter 15, 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
Describe how protectionism affects the price of the protected good in the domestic market? Who ends up paying the cost of protectionism?
Chapter 15 Solutions
MICROECONOMICS FOR TODAY (LL)-W/MINDTAP
Ch. 15.4 - Prob. 1GECh. 15.6 - Prob. 1GECh. 15 - Prob. 1SQPCh. 15 - Prob. 2SQPCh. 15 - Prob. 3SQPCh. 15 - Prob. 4SQPCh. 15 - Prob. 5SQPCh. 15 - Prob. 6SQPCh. 15 - Prob. 7SQPCh. 15 - Prob. 8SQP
Ch. 15 - Prob. 9SQPCh. 15 - Prob. 10SQPCh. 15 - Prob. 11SQPCh. 15 - Prob. 1SQCh. 15 - Prob. 2SQCh. 15 - Prob. 3SQCh. 15 - Prob. 4SQCh. 15 - Prob. 5SQCh. 15 - Prob. 6SQCh. 15 - Prob. 7SQCh. 15 - Prob. 8SQCh. 15 - Prob. 9SQCh. 15 - Prob. 10SQCh. 15 - Prob. 11SQCh. 15 - Prob. 12SQCh. 15 - Prob. 13SQCh. 15 - Prob. 14SQCh. 15 - Prob. 15SQCh. 15 - Prob. 16SQCh. 15 - Prob. 17SQCh. 15 - Prob. 18SQCh. 15 - Prob. 19SQCh. 15 - Prob. 20SQ
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Similar questions
- Protectionism has three main forms: tariffs, import quotas, and... Group of answer choices Non-Tariff barriers Currency manipulation Border intervention Negative externality enforcementarrow_forwardWhich 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_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_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_forwardAnalyse how protectionism can affect consumers in a countryarrow_forward
- Protectionism is most likely to be justified toarrow_forwardWhat 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_forwardIs it legitimate to impose higher safety standards on imported goods that exist in the foreign country where the goods were produced?arrow_forward
- What are some of the economic and noneconomic rationales governments use to intervene in trade? Discuss the advantages and disadvantages of protectionist policies.arrow_forwardDefine protectionism as a policy and describe what a country stands to lose when it enacts such a policy.arrow_forwardWhat is the argument against protectionism?arrow_forward
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