What is called the advocacy of protecting domestic producers by impeding or limiting the importation of foreign goods and services ?

Related Mcqs:

1. What is called protection of domestic producers by impeding or limiting the importation of foreign goods and services ?

   A. Domestication
   B. Protectionism
   C. Localization
   D. National interest

2. S = Savings, I = domestic investment, X = exports of goods and services, and M = imports of goods and services Which of the following is true ?

   A. S – I = X = M
   B. S + I = X + M
   C. S = I – (X+M)
   D. S-I = X/M

3. The real income of domestic producers and consumers can be increased by ?

   A. Technological progress, but not international trade
   B. International trade but not technological progress
   C. Technological Progress and international trade
   D. Neither technological progress nor international trade

4. Domestic producers gain ________ because on the tariff?

   A. $50,000
   B. $75,000
   C. $120,000
   D. $150,000

5. If the home country government grants a subsidy on a domestically produced good domestic producers tend to ?

   A. Capture the entire subsidy in the form of higher profits
   B. Increase their level of production
   C. reduce wages paid to domestic workers
   D. consider the subsidy as a increase in production cost

6. ________ protection such as the escape clause, provide temporary protection to domestic industries facing competition from fairly traded foreign goods?

   A. generalized system of preference
   B. countervailing duty
   C. domestic content
   D. safeguards

7. Micheal Roemer’s three-sector model shows that growth in the booming export sector I- reduces the price of foreign exchange II- retards other sectors’ growth by reducing incentives to export other commodities III- reduces incentives to replace domestic goods for imports IV- raises factor and input prices for non-booming sectors ?

   A. I and III only
   B. II and III only
   C. I, II and III only
   D. I, II , III only IV

8. What is called that bank which regularly accepts foreign currency-denominated deposits and makes foreign currency-denominated deposits and makes foreign currency loans ?

   A. Eurobank
   B. Foreign bank
   C. International Bank
   D. Multinational Bank

9. With fixed exchange rates and no private currency flows, when the central bank buys domestic currency the domestic money supply is ?

   A. increased
   B. unaffected
   C. reduced
   D. None of these

10. According to the _____ argument for protection, tariffs can shield new industries from import competition until they have grown strong and efficient enough to withstand the competition by foreign producers ?

    A. scientific tariff argument
    B. infant industry argument
    C. beggar they neighbor argument
    D. foreign dumping argument