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21) Usually the removal of trade barriers affecting a particular

Question : 21) Usually the removal of trade barriers affecting a particular : 1418216

 

 

21) Usually the removal of trade barriers affecting a particular good benefits ________ people domestically, each of whom gains a ________.

A) a few; little

B) a few; lot

C) many; little

D) many; lot

E) We can't determine the relative benefits from the removal of trade barriers.

22) Usually the imposition of trade barriers affecting a particular good benefits ________ people domestically, each of whom gains a ________.

A) a few; little

B) a few; lot

C) many; little

D) many; lot

E) We can't determine the relative benefits from the imposition of trade barriers.

 

23) The gains from free trade are enjoyed by a ________ number of people and the costs of free trade are imposed on a ________ number of people.

A) small; large

B) large; small

C) small; small

D) large; large

E) We can't determine the relative number of people who benefit and lose from free trade.

 

24) The effects of offshoring from opening up call centres in India are similar to the effects from

A) free trade.

B) tariffs.

C) import quota.

D) voluntary export restraints.

E) export subsidies.

25) Two reasons that explain why international trade in 2010 remains restricted is that restricted international trade ________.

A) benefits domestic producers of import-competing goods and services and generates tariff revenue in developing countries

B) prevents developed countries from exploiting third world countries and saves jobs in those countries

C) brings diversity and stability to the whole economy and saves jobs in developing countries

D) saves jobs and penalizes developing countries that have lax environmental standards

E) brings diversity to the whole economy and penalizes countries that have lax environmental standards

 

26) Offshore outsourcing occurs when a firm in Canada ________.

A) hires foreign labour and produces in other countries

B) buys finished goods, components, or services from other firms in other countries

C) buys finished goods, components, or services from other firms in Canada

D) hires Canadian labour and produces in Canada

E) hires foreign workers who work in Canada

 

27) When a firm implements offshore outsourcing, consumers in Canada ________, workers in Canada in the industry that is being outsourced ________ and workers in the foreign country in the industry that is being outsourced ________.

A) gain; lose; lose

B) lose; lose; gain

C) lose; gain; lose

D) gain; lose; gain

E) gain; gain; gain

28) The infant industry argument is based on the idea of

A) global comparative advantage.

B) global absolute advantage.

C) tariff maximization.

D) learning-by-doing.

E) tariff minimization.

 

29) Offshoring occurs when a firm in Canada

A) hires foreign labour and produces in other countries.

B) buys finished goods, components, or services from other firms in other countries.

C) hires Canadian labour and produces in Canada.

D) buys finished goods, components, or services from other firms in Canada.

E) Both A and B are correct.

 

 

 

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