1. Governments use many tools to restrict imports. Which do you believe is most powerful at restricting imports: tariffs

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1 Governments Use Many Tools To Restrict Imports Which Do You Believe Is Most Powerful At Restricting Imports Tariffs 1 (170.11 KiB) Viewed 14 times

1. Governments use many tools to restrict imports. Which do you believe is most powerful at restricting imports: tariffs, import quotas or non-tariff barriers? Explain. (2 points) 2. "Protectionism has zero cost for the government, and therefore all the costs must fall on foreign companies who have their sales reduced." Is this statement true or false? Briefly explain. (2 points) 3. "Protectionism is a government subsidy from consumers of the protected product to producers." Is this statement true or false? Briefly explain. (2 points) 4. "When a nation's economy expands its involvement with international trade, the total number of jobs in the economy usually declines.” Is this statement true or false? Briefly explain. (2 points) 5. Explain why advocates of free trade are bothered by the trend in the number of anti- dumping suits in recent years. (1 point) 6. "Costs of environmental protection are usually a small and fairly unimportant determinant of the country in which multinational firms choose to locate." Is this statement true or false? Briefly explain. (1 point)