Which of the Following Is NOT a Rationale for Tariffs

question 74

Multiple Choice

Which of the following is NOT a rationale for tariffs?

• A) They improve the terms of trade for small and large nations.
• B) They protect jobs and reduce unemployment.
• C) They promote growth and development of young industries.
• D) They promote a level playing field in terms of trade.

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Definitions:

Japan Colonies

Territories outside of Japan that were under Japanese imperial control, particularly during the late 19th and early 20th centuries.

History of Globalization

The historical process of increasing global interconnectivity and interdependence, marked by the exchange of goods, ideas, cultures, and people across continents.

Cognitive Dissonance

A psychological phenomenon that occurs when an individual holds contradictory beliefs, ideas, or values, leading to discomfort and motivation to reduce the inconsistency.

Behavioral Component

The aspect of attitude that reflects how one's beliefs and feelings affect their actions or behavior towards a subject.