A Common Argument for the Use of Tariffs When the Objective

question 17

Multiple Choice

A common argument for the use of tariffs when the objective is to maximize a country's national income would be to

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

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Definitions:

Congress

The bicameral legislature of the United States government, comprised of the House of Representatives and the Senate, responsible for making federal laws.

Slave Trade Ban

Legislation or measures implemented to prohibit the trade of enslaved individuals, such as the British Slave Trade Act of 1807 and the United States Act Prohibiting Importation of Slaves in 1808.

British Impressments

The practice employed by the British Royal Navy of forcibly enlisting men into military service, often involving the capture of sailors from American ships in the late 18th and early 19th centuries.