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2 Man eco (Midterms)

2 Man eco (Midterms)

BSAIS 1-1 Borc
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2 Man eco (Midterms)

BSAIS 1-1 Borc

2

20 na tanong

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Pampublikong quiz

# 1
This is what we often call the infant industry argument. The infant industry is an industry that is just growing and requires a friendly environment to thrive.
Protect emerging industries (tie-up)
Essential of International Economics
Mercantilism
# 2
tax imposed by a country on the goods and services imported from another country.
Goods
Tariff
services
# 3
Why Governments Impose Tariffs
Raise revenues, Protect domestic industries, Protect domestic consumers, Protect national interests
Make a market predictable, Support a nation's goals, Open negotiations and Produce revenues
Tariffs are primarily used to control and regulate the flow of goods across international borders.
# 4
signed in 1947 by 23 countries, is a treaty minimizing barriers to international trade by eliminating or reducing quotas, tariffs, and subsidies.
GATT Replaced by the World Trade Organization (WTO)
Purpose of the General Agreement on Tariffs and Trade (GATT)
General Agreement on Tariffs and Trade (GATT)
Hint
It was intended to boost economic recovery after World War II.
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