A Common Argument for the Use of Tariffs (For a Large

question 79

Multiple Choice

A common argument for the use of tariffs (for a large economy) when the objective is to maximize a country's national income is to

• A)improve the country's terms of trade.
• B)subject infant industries to the discipline of the market.
• C)enjoy the advantages of diversification.
• D)prevent learning-by-doing by potential trade partners.
• E)increase the prices of domestic exports.

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Definitions:

Graphical User Interface (GUI)

The menu-driven display screen used in Windows-driven software.

PCs

Personal Computers; electronic devices used for processing data, performing tasks, and accessing the internet, capable of running a wide range of applications.

Trucking Industry

The sector of the economy focused on the transportation of goods and materials by large vehicles over road networks.

PNP-Type Transistor

A semiconductor device with a layer of N-doped semiconductor material between two layers of P-doped material, primarily used as a switch or amplifier in electronic circuits.