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2 Man eco (Midterms)
BSAIS 1-1 Borc
1
Idinagdag na tanong (20/ 20)
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Pampublikong quiz

# 1

Multiple Choice

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

Multiple Choice

tax imposed by a country on the goods and services imported from another country.

  • Goods
  • Tariff
  • services

# 3

Multiple Choice

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

Multiple Choice

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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