Q6. An anti-dumping restriction on trade: A) prohibits foreign firms from selling products below cost to gain market share. B) keeps some highly sensitive products in the country. C) protects infant industries.
Q7. Which of the items below is NOT a valid reason why nations adopt trade restrictions? To: A) prohibit foreign firms from increasing market share by selling products below cost. B) protect industries in which they have a comparative advantage. C) protect industries that are highly sensitive to national security.
Q8. Which of the following arguments for trade restrictions is least valid?
A) Trade restrictions create domestic jobs. B) Some industries are highly sensitive to national security, and their products should therefore remain in the country. C) Tariffs are used to prohibit foreign firms from selling products in the country at below cost in an attempt to gain market share.
Q9. David Forsythe and Linda Novak are discussing the advantages and disadvantages of import restrictions. They state the following: Forsythe: One of the groups that benefits from import restrictions is often the government that imposes them. Novak: Import restrictions impose costs on specific groups, such as the country’s import industries, but these costs are more than offset by the benefits to other groups and to the economy as a whole. With respect to these statements: A) both are correct. B) only one is correct. C) both are incorrect.
Q10. Which of the following reasons for a nation to adopt trade restrictions is the least valid? The: A) national defense argument. B) job protection argument. C) anti-dumping argument.
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发表于 2009-1-13 11:07
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