"The potentially valid arguments for tariff protection-protection against dumping, infant industry protection, and military self- sufficiency-are also the most easily abused." a. Which of the following illustrates the potential for abuse of tariff protection? There is a tendency for trade barriers to remain in place even after a so-called infant industry becomes established. Dumping cases by foreign firms in Canada are frequent but difficult to prove. Military self-sufficiency eliminates subsidies for other sectors. Protected industries shoulder the burden of tariff protection. b. Which of the following are valid arguments for tariff protection? O Increasing domestic employment Ensuring adequate production levels in sectors deemed to be essential in the event of war Protection from foreign low-wage labour Increasing domestic output growth

"The potentially valid arguments for tariff protection-protection against dumping, infant industry protection, and military self- sufficiency-are also the most easily abused." a. Which of the following illustrates the potential for abuse of tariff protection? There is a tendency for trade barriers to remain in place even after a so-called infant industry becomes established. Dumping cases by foreign firms in Canada are frequent but difficult to prove. Military self-sufficiency eliminates subsidies for other sectors. Protected industries shoulder the burden of tariff protection. b. Which of the following are valid arguments for tariff protection? O Increasing domestic employment Ensuring adequate production levels in sectors deemed to be essential in the event of war Protection from foreign low-wage labour Increasing domestic output growth

Principles of Economics, 7th Edition (MindTap Course List)

7th Edition

ISBN:9781285165875

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter9: Application: International Trade

Section: Chapter Questions

Problem 2QCMC

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