Author Question: Reasons cited for imposing restrictions on foreign trade include: A) the loss of jobs in foreign ... (Read 252 times)

james9437 · **on:** Jul 14, 2018

Reasons cited for imposing restrictions on foreign trade include:
A) the loss of jobs in foreign countries.
B) higher prices for consumers.
C) restriction of consumer choices.
D) protection of the health of its citizens.
E) helping a foreign country become more competitive.

Question 2

Germany wants to retaliate against India for trade restrictions that limited the number of German cars that could be brought into India. Which of the following policy decisions would Germany utilize to accomplish this goal?
A) Increasing import quota on cars from India
B) Enacting export embargo on cars to India
C) Adjusting import tariffs on cars from India from 20 to 5
D) Eliminating the import tariff on cars from India
E) Adjusting import tariffs on cars from India from 5 to 20