Free Trade and Trade Protection (id: e2adb107e)

本题目来源于试卷: Free Trade and Trade Protection，类别为 IB经济学

[单选题]
Which of the following are w: )cxr ;/ca+ ;lpihxtr/i+6 4g bugpxforms of trade protection?

I. Import tariffs
II. Import quotas
III. Austerity measures

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


参考答案:  B


本题详细解析:

B

$\underset{‾}{\text{Explanation}}$:
Statement I: Import tariffs are a form of trade protection, as they are taxes that increase the price of imports, which cause domestic consumers to switch toward consuming domestically produced goods.

Statement II: Import quotas are a form of trade protection as they directly limit the quantity of imports of a particular good into a country.

Statement III: While austerity measures can be used to make a country's output more competitive globally through reducing the overall price level, their explicit goal is not to favour domestic production over foreign production.

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