Diversification for Stability Argument Is Given as an Excuse for Imposing

question 57

Multiple Choice

Diversification for stability argument is given as an excuse for imposing tariff and quotas against imports in some countries.This argument is based on:

• A)the fact that some of the highly specialized economies such as Saudi Arabia are very dependent on international markets for their income.
• B)the fact that some highly specialized economies such as Cuba do not want any foreign income getting into their country.
• C)the fact that imposing such tariffs and quotas has little economic cost for the host country.
• D)the fact that Canada needs such tariff and quotas to protect its industries.

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Definitions:

American Colony

Regions or territories controlled and settled by the United States, especially during the period of expansion and imperial acquisition in the 19th and early 20th centuries.

Philippines

is a Southeast Asian country consisting of more than 7,000 islands, known for its diverse culture, history, and scenic beauty.

Boxer Rebellion

An uprising in China between 1899 and 1901 aimed at expelling foreign influence in religion, politics, and trade.

Deport Foreigners

The act of expelling individuals who are not citizens from a country, usually for violating immigration laws or posing a threat to national security.