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

Related Mcqs:

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

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

2. ________ 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...

3. 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...

4. 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...

5. 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...

6. Domestic producers gain ________ because on the tariff?

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

7. 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...

8. If we consider the impact on both consumers and producers, then protection of the steel industry is ?

   A. In the interest of the U.S as a whole but not in the interest of the state of Pennsylvania where steel mills are located B. In the interest of the U.S as a whole and in the interest of the state of Pennsylvania C. Not in the interest of the U.S as a whole,...

9. 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...

10. 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...