IB Economics Unit 4.1: Global Economy Free Trade & Trade Protection (id: 535c1c2

本题目来源于试卷: IB Economics Unit 4.1: Global Economy Free Trade & Trade Protection，类别为 IB经济学

[单选题]
Identify which of thr. 3- vm(z zrfosn1p;zsn m+x(e follow(r;q + *(h1(-eapozppywj srk ing are arguments against trade protection.

I. Possible retaliation by trading partners.
II. Higher prices and inefficient allocation of resources.
III. Protection of domestic jobs.
IV. Increased export competitiveness.

A. I and II only
B. I and III only
C. I, II and IV only
D. I, III and IV only


参考答案:  A


本题详细解析:

A

$\underset{‾}{\text{Explanation}}$:
Statement I: Trading partners often retaliate with their own forms of trade protection and this may set off a trade war.

Statement II: Tariffs and other forms of trade protection often lead to higher prices and create a welfare loss, thus resulting in an inefficient global allocation of resources.

Statement III: Protecting domestic jobs is a commonly cited argument for trade protection, because competition against lower-priced imports can lead to job losses in domestic industries.

Statement IV: If trading partners retaliate with their own trade protection measures then the country’s exports will be more expensive and less competitive, not more competitive.

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