Hasalot Is a Small Nation That Has Followed Protectionist Policies

question 58

Multiple Choice

Hasalot is a small nation that has followed protectionist policies for many years. Which of the following would be an example of a nontariff barrier established by Hasalot?

• A) Establishment of a tax levied on imported goods so that foreign products are more expensive than competing domestic goods.
• B) Establishment of a tax levied on imported goods designed primarily to raise money for the government.
• C) Establishment of restrictive quality standards requiring foreign firms to make expensive modifications to their products before they can be exported to Hasalot.
• D) Participation in the Uruguay Round of GATT negotiations.

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Definitions:

SPSS

Statistical Package for the Social Sciences, a software package used for data management and statistical analysis.

T Test

A statistical test used to compare the means of two groups and determine if they are significantly different from each other.

T Statistic

A type of statistic used in hypothesis testing, especially for small sample sizes, calculated to compare an observed sample mean to a theoretical population mean.

Straight-line Relationship

A linear connection between two variables, represented graphically by a straight line, indicating a constant rate of change.