IBUS 712: Trade Protectionism Overview

<p>Export tariffs (B)</p> Signup and view all the answers

<p>Tariffs can be imposed on goods entering, leaving, or passing through a country. (C)</p> Signup and view all the answers

<p>To preserve national culture (C)</p> Signup and view all the answers

<p>Maintaining essential industries (B)</p> Signup and view all the answers

<p>Prohibiting exports of art and historical items (B)</p> Signup and view all the answers

<p>A means to sustain a historically cohesive cultural force (A)</p> Signup and view all the answers

<p>Restricting cultural interactions (D)</p> Signup and view all the answers

<p>To limit the quantity of goods traded (B)</p> Signup and view all the answers

<p>Direct tariffs (D)</p> Signup and view all the answers

<p>They indirectly affect the amount traded (B)</p> Signup and view all the answers

<p>They are imposed as a form of tax on goods (D)</p> Signup and view all the answers

<p>Non-tariff barriers (A)</p> Signup and view all the answers

<p>To protect jobs in specific industries (C)</p> Signup and view all the answers

<p>To help them evolve to lower-cost production (B)</p> Signup and view all the answers

<p>It tends to produce faster growth than agriculture (B)</p> Signup and view all the answers

<p>Preserving national culture (B)</p> Signup and view all the answers

<p>By selectively promoting certain industries (B)</p> Signup and view all the answers

<p>To ensure self-sufficiency in critical sectors (A)</p> Signup and view all the answers

<p>Ability to compete effectively with other nations (D)</p> Signup and view all the answers

<p>To improve international relations (A)</p> Signup and view all the answers

<p>Maintaining essential industries (B)</p> Signup and view all the answers

<p>Improving comparative position (C)</p> Signup and view all the answers

<p>To ensure these industries can compete with established firms (B)</p> Signup and view all the answers

<p>Promoting acceptable practices abroad (D)</p> Signup and view all the answers

<p>Preserving national culture (C)</p> Signup and view all the answers

<p>Stabilization of local employment rates (A)</p> Signup and view all the answers

<p>Promoting acceptable practices abroad (C)</p> Signup and view all the answers

<p>Political consequences (B)</p> Signup and view all the answers

<p>To influence international trade competitiveness (B)</p> Signup and view all the answers

<p>Maintaining essential industries (C)</p> Signup and view all the answers

<p>Higher prices for consumers (D)</p> Signup and view all the answers

<p>Promoting acceptable practices abroad (C)</p> Signup and view all the answers

<p>Increased hostility from other nations (D)</p> Signup and view all the answers

<p>To allow them to grow without competition (D)</p> Signup and view all the answers

<p>Reduce the availability of goods for consumers (D)</p> Signup and view all the answers

<p>Retaliation by other countries affecting exports (B)</p> Signup and view all the answers

Government intervention in the economy to create jobs and reduce unemployment.

Government support for new industries to help them grow and compete.

Government policies to improve a country's economic standing in the world.

Government action to preserve cultural traditions and identity.

Government control of trade to limit imports and promote domestic production.

A tax levied by a government on goods imported or exported from that country, increasing their price and potentially reducing trade.

Measures used to limit international trade other than tariffs, such as quotas, subsidies, or administrative delays.

A direct limit on the quantity of a good that can be imported or exported, artificially reducing trade volume.

Government financial assistance provided to domestic producers, making their goods more competitive and encouraging domestic production over imports.

Administrative procedures or delays that make it difficult or costly for goods to cross borders, effectively reducing trade.

A tax imposed on goods entering, leaving, or passing through a country.

Policies that affect the price of goods without directly imposing a tax.

Policies that limit the quantity of goods that can be traded.

Government financial assistance provided to companies to improve their competitiveness.

Restrictions on imports that use specific regulations or administrative procedures to make it harder for foreign goods to enter the market.

Government policies aimed at promoting the growth and development of industries within a country.

A country's ability to produce goods and services more efficiently compared to other countries.

Government intervention aimed at safeguarding crucial industries, ensuring a country's continued operation even during emergencies.

Government use of trade policies to encourage or discourage other countries from engaging in specific practices.

Government intervention designed to maintain or expand a country's influence and power in global affairs.

Governmental actions that aim to control and influence international trade, often to protect domestic industries and jobs.

A type of trade protectionism where governments limit the amount of certain goods that can be imported.

A situation where countries retaliate against each other by imposing trade restrictions, leading to a spiral of protectionism.