Which of the Following Is Not an Argument Against Protective

question 39

Multiple Choice

Which of the following is not an argument against protective tariffs?

• A) Restricting international trade robs us of part of its benefits.
• B) Free admission of imports is one of the most effective ways of expanding the foreign markets of home industries.
• C) When one country institutes tariffs, it is likely that other countries will follow.
• D) A tariff that keeps out foreign goods increases the market for U.S. goods.

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Definitions:

General Partner

A member of a partnership who has unlimited liability and is actively involved in the management of the partnership.

Limited Partnership

A form of partnership where there is at least one general partner (who assumes unlimited liability for the debt) and one or more limited partners (whose liability is limited to the amount they have invested).

Certificate of Limited Partnership

A legal document filed with a state governmental authority that establishes the existence of a limited partnership.

General Partner

An individual in a partnership who is fully liable and actively participates in the business's management.