Business, 28.07.2019 05:00 linshweyioo5442

Which is an example of protectionist trade policy? a) tariffs b) unions c) sales taxes d) the minimum wage

Answers: 1

Show answers

Answers

Answer from: kaayla20

Which is an example of protectionist trade policy? A. Tariffs

The most common types of protectionism measures are tariffs, import quatos and subsidies to local producers. Since tariffs are one of the most common examples, they are the best choice for this question. The protectionist trade policy includes government policies that restrict free trade between countries. While monitoring the trade, they are doing their best to protect local industries and jobs from foreign competition that is unfair.

Answer from: naz731

The option A is correct. The example of protectionist trade policy is tariffs.

Further explanation:

Tariffs are imposed by the government in order to restrict the import and export from the country. They are used to protect or encourage the domestic economy.

Justification for the correct and incorrect

Tariffs:This option is correct.

Tariffs are imposed by the government Option restrict the import and export from the country. They are used to protect or encourage the domestic economy.

Unions:This option is incorrect.

The unions are an association of people formed in order to promote the interest of a particular group of people. They do not come under trade policy.

Sales taxes:This option is incorrect.

The taxes are imposed on the sale of goods from one state to another or interstate sale are known as sales taxes. They are not imposed to restrict trade.

The minimum wage:This option is incorrect .

The minimum wage refers to the minimum rate at which wages will be paid to the worker. The minimum wage rate is set in order to safeguard the interest of the worker.

Therefore, option A is correct.

Learn more:

1. Learn more about the tax on the profit from selling the fixed assets

2. Learn more about the personal tax

3. Learn more about the role of money

Answer details:

Grade: High School

Subject: Economics

Chapter: Trade policy

Keywords: An example of protectionist trade policy, tariffs, unions, sales taxes, the minimum wage, trade policy.

Answer from: Quest

christopher columbus sail the ocean blue 1492

The real estate market is categorized in which way?

Answer from: Quest

Ibelieve that the answer is d. because that is the only option that is efficient.

Another question on Business

Business, 22.06.2019 07:10

Walsh company manufactures and sells one product. the following information pertains to each of the company’s first two years of operations: variable costs per unit: manufacturing: direct materials $ 25 direct labor $ 12 variable manufacturing overhead $ 5 variable selling and administrative $ 4 fixed costs per year: fixed manufacturing overhead $ 400,000 fixed selling and administrative expenses $ 60,000 during its first year of operations, walsh produced 50,000 units and sold 40,000 units. during its second year of operations, it produced 40,000 units and sold 50,000 units. the selling price of the company’s product is $83 per unit. required: 1. assume the company uses variable costing: a. compute the unit product cost for year 1 and year 2. b. prepare an income statement for year 1 and year 2. 2. assume the company uses absorption costing: a. compute the unit product cost for year 1 and year 2. b. prepare an income statement for year 1 and year 2. 3. reconcile the difference between variable costing and absorption costing net operating income in year 1.

Answers: 3

Answer

Business, 22.06.2019 14:00

How many months does the federal budget usually take to prepare

Answers: 1

Answer

Business, 22.06.2019 19:30

Oz makes lion food out of giraffe and gazelle meat. giraffe meat has 18 grams of protein and 36 grams of fat per pound, while gazelle meat has 36 grams of protein and 18 grams of fat per pound. a batch of lion food must contain at least "46,800" grams of protein and 70,200 grams of fat. giraffe meat costs $1/pound and gazelle meat costs $2/pound. how many pounds of each should go into each batch of lion food in order to minimize costs? hint [see example 2.]

Answers: 1

Answer

Business, 22.06.2019 22:50

Adding a complementary product to what is currently being produced is a demand management strategy used when: a. capacity exceeds demand for a product that has stable demand.b. price increases have failed to bring about demand management.c. demand exceeds capacity.d. demand exceeds 100 percent.e. the existing product has seasonal or cyclical demand.

Answers: 3

Answer

You know the right answer?

Which is an example of protectionist trade policy? a) tariffs b) unions c) sales taxes d) the min...

Questions