International Economics
16th Edition
ISBN: 9781305887633
Author: Robert Carbaugh
Publisher: Cengage Learning
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Students have asked these similar questions
Trade Protectionist tools include all of the following except: Select one:
a. Open Borders for Goods, Capital and labor
b. non-tariff barriers
c. trade quotas
d. tariffs
e. capital controls
When one country joins a free trade area with a common external tariff, it causes:
a.
Trade diversion
b.
Trade union
c.
Trade creation
d.
Trade agreement
examine different trade policy instruments and critically assess their impacts on national and firm level economic performance.
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Similar questions
- Which feature is found in a customs union but not a free trade area? (Pick either a,b,c, or d) a) uniform direct tax rates b) uniform indirect tax rates c) a common external tariff d) a common currencyarrow_forwardTrade liberalization is: a. The opposite of protectionism. b. The opposite of trade surplus c. The same as goods and services. d. All of these.arrow_forwardTrade, tariffs, and protectionism. Discuss the World Trade Organisation Rules which member countries are required to follow.arrow_forward
- What is the relation of General Agreement in Tariffs and Trade to World Trade Organization?arrow_forwardWhat distinguishes a customs union from a free trade area? What distinguishes a common market from a customs union?arrow_forwardWhich of the following is NOT one of three major principles of the World Trade Organization: A. Liberalization of trade B. Nondiscrimination–the most-favored-nation principle C. No unfair encouragement of exports D. Common currencyarrow_forward
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