The selling of products in a foreign country may be

| June 14, 2018

1) The selling of products in a foreign country may be ______ in order to ______.A) a voluntary export restriction; avoid more stringent tariffs or quotasB) dumping; drive competitors out of businessC) an export subsidy; assist domestic producers to compete in foreign markets2) The _______ contends that _______.A) military self-sufficiency argument; military power makes protection of industries that provide for national defense unnecessaryB) infant industry argument; young industries need protection from mature foreign competitionC) diversification-for-stability argument; the domestic economy is diversified enough not to warrant protection3) One of the lessons of the Smoot-Hawley Tariff Act of 1930 is that _______.A) protective tariffs can cause “trade wars” that negatively affect domestic producersB) protective tariffs can lead to more efficient allocation of resourcesC) during times of economic weakness, protective tariffs are useful in creating new employment

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