Author Question: A possible reason to impose a protectionist policy such as a tariff is to A) slow domestic ... (Read 79 times)

clippers! · **on:** Jun 29, 2018

A possible reason to impose a protectionist policy such as a tariff is to

A) slow domestic production.
B) protect domestic workers from foreign competition.
C) aid other nations in developing their own industries.
D) increase the welfare of domestic consumers.

Question 2

We know that among the current account, the capital and financial account, and the official settlements account that the

A) current account plus the capital and financial account equals zero.
B) current account plus the capital and financial account plus the official settlements account must sum to 100.
C) current account is always larger than the capital and financial and official settlements accounts combined.
D) current account plus the capital and financial account plus the official settlements account must sum to zero.
E) current and capital and financial accounts sum to zero while the official settlements account must be greater than zero.