Question : 71.Which of the following policies protect domestic producers from unfair : 1299311

71.Which of the following policies protect domestic producers from unfair foreign competition?  

A. Accounting policies

B. Demand side policies

C. Arbitration policies

D. Antidumping policies

E. Supply side policies

72.The two US agencies that deal with antidumping complaints are:  

A. the Economic Offences Wing and the Conciliation Council.

B. the International Trade Commission and the Industry Council.

C. the Commerce Department and the International Trade Commission.

D. the Federal Trade Commission and the Economic Council.

E. the Industry Council and the Economic Offences Wing.

73.Which of the following is considered to be the ultimate objective of antidumping policies?  

A. Protecting consumers from high prices

B. Preventing domestic firms from unloading their excess production in domestic markets

C. Protecting domestic producers from unfair foreign competition

D. Protecting consumers from substandard and hazardous products

E. Preventing foreign products from entering domestic market

74.Antidumping duties are often called _____ duties.  

A. tariff rent

B. counterveiling

C. subsidy

D. quota rent

E. export restraint

75.Which of the following indicates the two paths of arguments for government intervention in international trade?  

A. Political and cultural

B. Economic and legal

C. Political and economic

D. Legal and social

E. Political and legal

76.Which of the following is the most common political argument for government intervention in international trade?  

A. Decreasing the prices of products in the domestic market

B. Promoting strategic trade policy

C. Protecting jobs and industries from unfair foreign competition

D. Improving efficiency of domestic labor

E. Protecting human rights

77.Which of the following industries is most likely to come under the purview of national security?   

A. Pharmaceutical industry

B. Action figures

C. Semiconductors

D. Gaming consoles

E. Electrical appliances

78.A country Cadmia, which is a leading producer of bauxite, had to impose trade sanctions on Cerian soda cans in order to get the government of Ceria to enforce export restrains. This imposition by Cadmian government was undertaken to protect domestic producers of soda cans. Which of the following government intervention is being used by Cadmia?  

A. Diversification

B. Deregulation

C. Retaliation

D. Liberalization

E. Monopolization

79.Why is retaliation by government intervention a risky strategy?  

A. It encourages dumping by foreign companies.

B. A country that is being pressured may respond to the imposition of punitive tariffs by raising trade barriers of its own.

C. It may expose certain industries that are important for national security to foreign competition.

D. It allows firms to sell goods in foreign market at below their fair market value.

E. It makes it difficult for domestic firms are unable to make any investments by borrowing money from the domestic capital market.

80.Cadmia banned imports of Mattel toys with high levels of toxic lead, manufactured in Argonia. The underlying motive for such a move could be:  

A. protecting domestic businesses from unfair pricing.

B. protesting the pricing of toys below their costs of production.

C. protecting consumers from unsafe products.

D. increasing the trade surplus of the U.S.

E. reducing dumping of cheap toys.