Many U.S firms have sought relief from foreign competition by demanding protectionism policies by the U.S government. A better way for companies to compete is to expand into foreign markets and ?

Related Mcqs:

1. If a government uses barriers to foreign products such as biases against a foreign company’s bids or product standards that go against a foreign company’s product features the government is using ?

   A. Protectionism
   B. exchange controls
   C. exchange facilitators
   D. nontariff trade barriers

2. In monopolistic competition of firms are making abnormal profit other firms will enter and ?

   A. The marginal cost will shift outwards
   B. the demand curve will shift inwards
   C. The average cost will shift downwards
   D. The average variable cost will increase

3. 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

4. What type of trade barrier was used to protect U.S auto firms from foreign competition during 1981 – 1984 ?

   A. export quotas imposed by the Japanese government
   B. export tariffs imposed by the Japanese’s government
   C. import quotas imposed by the U.S government
   D. domestic subsidies granted by the U.S government

5. Suppose two economists are arguing about policies that deal with unemployment. One economist says. The government could lower unemployment by one percentage point if it would just increase government spending by 50 billion dollars the other economist responds Nonsense and poppycock! If the government spent an additional 50 billion dollars it would reduce unemployment by only one tenth of one percent. and that effect would only be temporary! These economists ?

   A. None of these answers
   B. Disagree because they have different scientific judgments
   C. really don’t disagree at all. It just appears that they disagree
   D. disagree because they have different values

6. The booming of North Seas’ gas export revenues in the 1970s that appreciated the guilder, making industrial export more costly in foreign currencies and increasing foreign competition and unemployment is known as ?

   A. Trade deficit
   B. Blind river disease
   C. Dutch disease
   D. Economic turmoil

7. A comparison of Japan’s policies before 1945 with the policies in effect after 1945 indicates that______________?

   A. reduction in spending on military goods leads to economic depression
   B. dependence on foreign trade usually leads to a weakened national economy
   C. territorial aggression is not necessary to secure national economic goals
   D. democratic institution hinder economic growth

8. The strongest political pressure for a trade policy that results in higher protectionism comes from?

   A. domestic workers lobbying for import restriction
   B. domestic workers lobbying for export restrictions
   C. domestic consumers lobbying for export restrictions
   D. domestic consumers lobbying for import restrictions

9. Recent pressures for protectionism in the United States have been motivated by all of the following except ?

   A. U.S firms shipping component production overseas
   B. High profit levels for American corporations
   C. Sluggish rates of productivity growth in the United States
   D. High unemployment rates among America workers

10. Which of the following is not an argument for protectionism ?

    A. To protect infant industries
    B. To increase the level of imports
    C. To Protect strategic industries
    D. To improve the balance of payments