Which of the Following Arguments Are Used to Justify Tariff

question 80

Multiple Choice

Which of the following arguments are used to justify tariff protection?

• A)It increases international competition.
• B)It allows more goods and services in the country.
• C)It protects industries needed for comparative advantage.
• D)It protects key industries needed for national security.

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Definitions:

Minds

The elements of a person that enables them to be aware of the world and their experiences, to think, and to feel; the faculty of consciousness and thought.

Physical Things

Objects that exist in space and time, possessing material substance and can be perceived by the senses.

Directly Observed

A method of collecting data or information through immediate, firsthand observation.

Unchanging

Something that remains the same over time, not affected by external conditions or changes.