Question :
11) Which of the following NOT a major argument for : 1239195
11) Which of the following is NOT a major argument for restricting international trade?
A) the promotion of dumping in America
B) the national security argument
C) the infant industry argument
D) the prevention of dumping argument
E) saves U.S. jobs argument
12) Suppose the United States subsidizes domestic chicken production and then sells surpluses on the world market at a price below the cost of production. In foreign countries, the argument that would made to restrict chicken trade with the United States would be the
A) penalizes lax environmental standards argument.
B) saves jobs argument.
C) infant-industry argument.
D) dumping argument.
E) national security argument.
13) A flawed argument for protection from foreign trade is that
i.tariffs save domestic jobs.
ii.tariffs protect the national culture.
iii.quotas bring about diversity and stability.
A) i only
B) ii only
C) iii only
D) i and ii
E) i, ii, and iii
14) Which of the following is an argument that is used for protection from free trade?
i.the national security argument
ii.the infant-industry argument
iii.the dumping argument
A) i only
B) ii only
C) iii only
D) i and iii
E) i, ii, and iii
15) When politicians debated the North American Free Trade Agreement (NAFTA), some told stories of U.S. workers whose jobs would be moved to Mexico. Which of the following arguments in favor of protection was being used?
A) Save domestic jobs argument
B) National security argument
C) Anti-dumping argument
D) Infant-industry argument
E) Diversity and stability argument
16) The argument that jobs are lost to free trade is
A) totally false because no jobs are lost to free trade.
B) correct because jobs are lost but foreign countries are helped and we can afford losses.
C) incorrect because no jobs are lost and new jobs are created by trade.
D) correct because some jobs are lost but incorrect because new jobs also are created.
E) true only when tariffs are imposed on the goods being imported.
17) International trade decreases the demand for workers in domestic industries that
A) produce goods that are exported from the country.
B) produce goods that are imported into the country.
C) help businesses import and export.
D) service imported goods.
E) produce the goods in which the nation has a comparative advantage.
18) What is an effective counter against the argument that international trade should be restricted to protect domestic jobs?
A) A more effective policy would be to support the industry with subsidies.
B) The more diversified the economy, the more stable it is.
C) Free trade increases the number of jobs in which workers earn higher incomes.
D) Rent seeking behavior should be encouraged.
E) Free trade in “green” goods will increase jobs.
19) The typical relationship between a worker’s productivity and the worker’s wage rate is
A) high productivity workers receive low wage rates.
B) low productivity workers receive low wage rates.
C) no link between productivity and wages earned.
D) high productivity workers find that their jobs are often outsourced.
E) that workers with high productivity need to have their high wages protected by tariffs.
20) While high-paid American workers fear competition with low-paid foreign workers, low-paid foreign workers fear competition with high-paid American workers. Why?
A) It is completely irrational and unfounded.
B) Because America has such a large market it can protect its workers.
C) Because high wages reflect high worker productivity and the low-paid foreign workers are not as productive.
D) Because high wages are the result of extensive tariff and other trade restrictions.
E) Because high wages mean that U.S. workers can buy more goods and services.
