A Rationale Used for Tariff Protection by Some Is When

question 22

Multiple Choice

A rationale used for tariff protection by some is when

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

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Definitions:

Philanthropy

The act of donating money, goods, services, and time to support a socially beneficial cause, aiming to improve human welfare.

Equity

The value of an ownership interest in property or a business, minus liabilities; in finance, it often refers to stocks or shares representing ownership in a corporation.

Financing

The process of providing funds for business activities, making purchases, or investing.

Venture Capitalist

An investor who provides capital to startup ventures or supports small companies that wish to expand but do not have access to equities markets.