Assume a government places restrictions on a specific product ...

[ericka1]

Assume a government places restrictions on a specific product from a specific foreign country. What would be the government's most likely concern about the foreign country's response?
 
  A) the foreign producers raising the prices of their exports
  B) the foreign country restricting its own imports
  C) the foreign country restricting its exports in that industry
  D) the foreign producers seeking other markets

Question 2

The term protectionism, when applied to international trade, refers to ________.
 
  A) governmental restrictions and competitive support actions to affect trade flows
  B) payments to dock workers to prevent pilferage of imported shipments
  C) border checks to prevent entry of illegal aliens
  D) methods used to prevent intellectual property theft

Question 3

The GATT is an agreement, not an organization.
 
  Indicate whether the statement is true or false

[leeeep]

Answer to Question 1

B

Answer to Question 2

wohoo thank youuu.

Answer to Question 3

TRUE