One Rationale Used for Tariff Protection Arises When

question 138

Multiple Choice

One rationale used for tariff protection arises when:

• A) the importing country finds the cost of producing its products to be higher than it is in other countries.
• B) imports are produced by foreign firms, which are more efficient than domestic producers.
• C) the importing country wants to practice international price discrimination.
• D) imports are produced by foreign firms that receive subsidies from their governments.

---

Definitions:

Employees

Individuals who are hired by a business or organization to work under a contract of employment and get paid in return.

Mean Salary

The average amount of money earned by employees in a particular job or industry, calculated by summing all salaries and dividing by the number of employees.

Chi-Squared Distribution

A probability distribution that is widely used in inferential statistics for hypothesis testing and estimating variances.

Left-Tailed Area

The part of a distribution graph that appears to the left of a specified value, often related to hypothesis testing in statistics.