Economists Would Tend to Accept Which of the Following Arguments

question 39

Multiple Choice

Economists would tend to accept which of the following arguments in favour of tariffs?

• A)Tariffs will stimulate the domestic economy.
• B)Tariffs are needed to avoid exporting jobs.
• C)Temporary tariff protection in some situations may help to generate an eventual comparative advantage in that product.
• D)Tariffs are needed to limit imports and reduce the capital flow from the country.
• E)Tariffs help to reduce inflation by reducing the price of domestic products.

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Definitions:

Cross-Sectional

A research method that analyzes data from a population, or a representative subset, at a specific point in time to examine relationships between variables.

Basic

Referring to the fundamental, essential, or primary part of something that serves as the foundation.

Sense Of Trust

A feeling of confidence and security, often considered as the first stage of psychosocial development according to Erik Erikson.

Initiative

The ability to assess and initiate things independently; the power or opportunity to act before others do.