Author Question: The strongest political pressure for a trade policy that results in higher protectionism comes from ... (Read 54 times)

Destiiny22 · **on:** Jun 30, 2018

The strongest political pressure for a trade policy that results in higher protectionism comes from

A) domestic workers lobbying for import restrictions.
B) domestic workers lobbying for export restrictions.
C) domestic workers lobbying for free trade.
D) domestic consumers lobbying for export restrictions.
E) domestic consumers lobbying for import restrictions.

Question 2

Describe aspects of customs valuation practices that are controversial in the world of international trade, such as how countries establish import tariffs.

Also, how does the WTO protect against potentially abusive practices when determining appropriate tariffs.

Question 3

Once the United States Civil War broke out, the United States moved to a

A) gold standard.
B) silver standard.
C) bimetallic monetary standard consisting of silver and gold.
D) bimetallic monetary standard consisting of copper and gold.
E) paper currency, called the greenback.

gcook · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

A

Answer to Question 2

Countries that seek to provide high levels of protection to local industries and/or want to increase tariff revenues have often instructed customs officials to use methods that would raise estimates of the values of imports, such as adding a fixed percentage to the listed price of the import to cover the cost of freight and insurance. Often practices such as these would lead to corruption, since importers would seek to cut deals to secure lower valuations and pay lower tariffs. Article VII of the WTO agreement states that tariff systems must conform to commercial realities, and outlaw the use of arbitrary or fictitious customs values.

Answer to Question 3

E