From the following list, select all the statements that apply to the argument that trade barriers are needed to maintain environmental and safety standards.Multiple select question.The argument usually targets imports from economies with low per capita GDP.The argument is based on the fear that businesses will choose to locate operations in countries with the lowest safety standards.The argument is based on the fear that businesses will choose to locate operations in countries with the highest safety standards.The argument is based on the assumption that countries have highly varying standards.
Question
From the following list, select all the statements that apply to the argument that trade barriers are needed to maintain environmental and safety standards.Multiple select question.The argument usually targets imports from economies with low per capita GDP.The argument is based on the fear that businesses will choose to locate operations in countries with the lowest safety standards.The argument is based on the fear that businesses will choose to locate operations in countries with the highest safety standards.The argument is based on the assumption that countries have highly varying standards.
Solution
The statements that apply to the argument that trade barriers are needed to maintain environmental and safety standards are:
- The argument usually targets imports from economies with low per capita GDP.
- The argument is based on the fear that businesses will choose to locate operations in countries with the lowest safety standards.
- The argument is based on the assumption that countries have highly varying standards.
The statement "The argument is based on the fear that businesses will choose to locate operations in countries with the highest safety standards." does not apply because businesses are more likely to move operations to countries with lower standards to reduce costs, not higher standards.
Similar Questions
From the following list, select all the options which apply to the argument that trade barriers can help a country improve its terms of trade.Multiple select question.This argument is relevant when a country is a major global importer of a particular product.When this argument applies to a country, the country can impose a tariff to reduce global demand for a particular product.This argument is relevant when a country is a major global exporter of a particular product.
Which one of the following is a non-economic argument in favour of trade protection?Multiple choice question.Trade barriers can be used to ensure adequate environmental and safety standards in the production of goods and services.Trade barriers can help protect a country's cultural sovereignty.Trade barriers can be used to protect infant industries so that the can grow sufficiently to compete globally.Trade barriers help stimulate domestic employment
Complete the following statement: Trade barriers can be used to reduce of goods which do not meet health and safety .
Complete the following statement: Trade barriers can be used to protect domestic jobs. A restriction on imports will increase demand for goods. This will increase the derived demand for and increase employment.
Complete the following statement: A trade barrier can be used to prevent dumping. For example, a will increase the price of imported goods so that foreign firms won’t be able to domestic firms by charging a lower price.Submit
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