The goal of multilateral trade agreements is usually toa. equalize the level of tariffs across nations so nonation is disadvantaged relative to others.b. use targeted tariffs to ensure that nationsproduce those goods in which they have acomparative advantage.c. reduce tariffs in various nations simultaneously toblunt political pressure for protectionism.d. ensure that tariffs are used only to promote infantindustries that will eventually become viable.
The goal of multilateral trade agreements is usually toa. equalize the level of tariffs across nations so nonation is disadvantaged relative to others.b. use targeted tariffs to ensure that nationsproduce those goods in which they have acomparative advantage.c. reduce tariffs in various nations simultaneously toblunt political pressure for protectionism.d. ensure that tariffs are used only to promote infantindustries that will eventually become viable.
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter9: Application: International Trade
Section: Chapter Questions
Problem 1CQQ
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The goal of multilateral trade agreements is usually to
a. equalize the level of tariffs across nations so no
nation is disadvantaged relative to others.
b. use targeted tariffs to ensure that nations
produce those goods in which they have a
comparative advantage.
c. reduce tariffs in various nations simultaneously to
blunt political pressure for protectionism.
d. ensure that tariffs are used only to promote infant
industries that will eventually become viable.
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