The movement to free international trade is most likely to generate short-term unemployment in which industries
A. | Industries in which there are neither imports nor exports |
B. | Import-competing industries |
C. | Industries that sell to domestic and foreign buyers |
D. | Industries that sell to only foreign buyers |
Option: B Explanation : Click on Discuss to view users comments. |
Which round of international trade negotiations resulted in the creation of the World Trade Organization?
A. | Kennedy Round of 1964-1967 |
B. | Tokyo Round of 1973-1979 |
C. | Uruguay Round of 1986-1993 |
D. | Doha Round of 2003-2007 |
Option: C Explanation : Click on Discuss to view users comments. |
A tax of 15 percent per imported item would be an example of a (an)
A. | Ad valorem tariff |
B. | Specific tariff |
C. | Effective tariff |
D. | Compound tariff |
Option: A Explanation : Click on Discuss to view users comments. |