The potentially valid arguments for tariff protection

Assignment Help Business Economics
Reference no: EM131173936

“The potentially valid arguments for tariff protection—military self-sufficiency, infant industry protection, and diversification for stability—are also the most easily abused.” Which of the following illustrates the potential for abuse of tariff protection?

A. There is a tendency for trade barriers to remain in place even after a so-called infant industry becomes established.

B. Military self-sufficiency eliminates subsidies for other sectors.

C. Protected industries shoulder the burden of tariff protection.

D. Dumping cases by foreign firms in the United States are frequent but difficult to prove.

Reference no: EM131173936

Questions Cloud

City tax reduction-reduciton in price or increase in price : Because of a city tax reduction, the total fixed cost a firm must pay is reduced by $500 monthly. The firm operates in conditions of perfect competiion. If the firm seeks to maximize its profit, this cost reduction should (at least in the short run) ..
Demand and supply equations for cell-phones : Consider the following demand and supply equations for cell-phones in the domestic country: Supply: Qs = − 60 2 + 3 2 P Demand: Qd = 300 2 − 3 2 P where the price is measure in $/cell-phone and the quantity is measure in thousands of cell-phones. 1. ..
About the regulations on executive pay to limit moral hazard : In knowing about the regulations on executive pay (in the narrow field of banking) to limit moral hazard, maybe consequently creating a larger problem of adverse selection. Apply your knowledge of these topics and the larger set of knowledge of incen..
The use of artificial trade barriers : The use of artificial trade barriers, such as tariffs and import quotas,
The potentially valid arguments for tariff protection : “The potentially valid arguments for tariff protection—military self-sufficiency, infant industry protection, and diversification for stability—are also the most easily abused.” Which of the following illustrates the potential for abuse of tariff pro..
Valid arguments for tariff protection : Which of the following are valid arguments for tariff protection?
The change in the interest rate will be percent : You are considering buying a new house, and have found that a $200,000, 30-year fixed-rate mortgage is available with an interest rate of 6 percent. This mortgage requires 360 monthly payments of approximately $1,179 each. If the interest rate rises ..
Compute the present value : Compute the present value of a $500 investment made 4 months, 7 years, and 15 years from now at 4 percent interest. Instruction: Round your answers to the nearest penny (2 decimal places). Present value of investment made in 4 months at 4 percent = $
Fixed-rate mortgage is available with an interest rate : You are considering buying a new house, and have found that a $200,000, 30-year fixed-rate mortgage is available with an interest rate of 6 percent. This mortgage requires 360 monthly payments of approximately $1,179 each. If the interest rate rises ..

Reviews

Write a Review

Business Economics Questions & Answers

  Utility function-find the equilibrium quantities

Consider the utility function U(x, y) = x3y2 with the price of X equal to 3 and the price of Y equal to 4. Income devoted to the purchase of x and y is $36. Find the equilibrium quantities of X and Y. (Use the LaGrange Method) Using the budget constr..

  What problems can inflation cause in an economy

Assuming that the Fed judges inflation to be the most significant problem in the economy and that it wishes to employ all of its policy instruments except interest on reserves, explain how the Fed should implement its three policy tools to contain in..

  Find hourly wage rate of homes economy

Find hourly wage rate of Home's economy.

  Operate along its production possibilities frontier

In deciding where to operate along its production possibilities frontier, a society is answering the question of

  Short-run aggregate supply curve slopes

The short-run aggregate supply (SAS) curve slopes upward because households spend more as their incomes increase. The long-run aggregate supply curve can never shift. Either a decrease in the nominal money supply by the Federal Reserve, all else held..

  Why is consumer surplus never negative

Why is consumer surplus never negative? What is consumer surplus? Consider a market with a demand curve of P=24-2Q and a supply curve of P=3+Q. Calculate equilibrium quantity. Consider a market with a demand curve of P=24-2Q and a supply curve of P=3..

  Reflect on recent experience you have had as customer

Reflect on a recent experience you have had as a customer. Was the customer service a good experience or a bad experience? Describe the experience. Explain your feelings. Now imagine that you are the manager of that department. As the manager, what w..

  Differences between federal reserve and u.s. treasury

Explain the differences between the Federal Reserve and the U.S. Treasury? Be specific. Do they complement or compete against each other? Could one of then do the others job? Should one be allowed to do the others job? Why?

  Give specific interpretations for the coefficients in model

Suppose we collect the following information from a large number of junior and senior level college students: Give specific interpretations for the coefficients in the model, and discuss whether or not they make sense. Based on this equation, what co..

  Used in project gantt charts and other tracking tools

Assume that a project has an expected total duration of 25 days, but several optimistic employees feel that it can be completed in as little as 18 days, while others expect it to take nearly 40 days. Using PERT calculation, what is the project durati..

  Market structures-perfect competition-monopolistic competion

Market Structures: Perfect Competition, Monopolistic Competition, Oligopoly, Monopoly Describe the following each one: characteristics of the market. number of substitutes for the good. barriers to entry- legal, control of resource, financial.

  Monetary policy is limited in its impact

Monetary policy is limited in its impact when There could be more than one answer.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd