Which of the Following Policies Would Not Improve the Terms

question 148

Multiple Choice

Which of the following policies would not improve the terms of trade from the point of view of import-competing industries in the United States?

• A)Increasing the degree of free trade.
• B)"Buy American" campaigns.
• C)Placing tariffs on imports of foreign goods.
• D)Restricting imports of foreign goods.

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Definitions:

Values

The principles or standards of behavior that are regarded as important in making decisions or judgments.

Sold

The completed transaction of exchanging a good or service for money or other compensation.

Reservation Price

The absolute highest price that a buyer is prepared to pay for a product or service.

English Auction

A type of auction in which prices start low and bid up by participants until no higher bids are offered.