What is a major disadvantage in the use of import barriers to make domestic goods cheaper?
(A) The line between imported and domestic goods becomes harder and harder to draw.
(B) Domestic manufacturers may lose the economic incentive to produce their cars less expensively.
(C) Import manufacturers stop trying to send their goods to the country that has import barriers.
(D) Domestic manufacturers create more jobs
Ans: (B) Domestic manufacturers may lose the economic incentive to produce their cars less expensively.
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Which of the following describes the Soviet Union's economy through most of the second half of the 20th century?
A) The Soviet economy grew slowly because of the slow rate of technological change. B) The Soviet economy grew because it added labor through immigration policy in the 1950s. C) The Soviet economy increased capital per worker very slowly from 1950 through 1980. D) The Soviet economy grew rapidly in the latter half of the 20th century.
The productivity slowdown experience in the United States from the mid-1970s to the mid-1990s occurred in all high-income countries
Indicate whether the statement is true or false