The Argument a Tariff on Imported Goods Produced by an Unlimited

question 24

Multiple Choice

The argument a tariff on imported goods produced by an unlimited industry could benefit the members of the domestic union is

• A) the national defense argument.
• B) the protect domestic jobs argument.
• C) the infant industry argument.
• D) the dumping argument.

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Definitions:

Imported Good

A product or service brought into one country from another for the purpose of sale.

Tax

A compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization to fund government spending and various public expenditures.

Comparative Advantage

The ability of an individual, company, or country to produce a good or service at a lower opportunity cost than competitors.

Exports

Products or services originating from one country and sold to buyers located in a different country.