intb3353quiz5

intb3353quiz5 - A tariff is efficient for: Student Response...

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A tariff is efficient for: Student Response Value Correct Answer a. A small country 0% b. An Asian country 0% c. A large country 100% d. A European country 0% e. A OECD country 0% 2. Which of the following has been suggested as a benefit of free trade? Student Response Value Correct Answer a. environmental degradation 0% b. loss of job security for 1st World Workers 0% c. lower costs through economies of scales 100% d. inequitable income redistribution 0% e. infant industry protection 0% 3. Which of the following is not a reason that a country might impose a tariff? Student Response Value Correct Answer a. to discourage consumption of a particular good 0% b. to encourage imports 100% c. to generate government revenue 0% d. to protect or insulate a domestic industry from competition by foreign producers of the same good 0% 4. In a __________ countries breakdown trade barriers among participating nations, use common barriers to trade with nonmember countries and allow free movement of factors
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intb3353quiz5 - A tariff is efficient for: Student Response...

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