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chinguun chinguun
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6 years ago
The fundamental goal of protectionism is to
 
  a. protect domestic producers against competition from foreign firms.
  b. bring about a balance of trade deficit.
  c. weaken the national currency.
  d. promote greater integration into the global economy.



Quotas hurt __________ and help __________.
 
  a. domestic producers; consumers
  b. consumers; domestic producers
  c. government; producers in other countries
  d. domestic producers; increase innovation



Developing countries blame __________ farmers in the United States and Europe for their inability to compete more successfully in the global marketplace.
 
  a. subsidies to
  b. grants to
  c. regulations on
  d. tariffs on



Competitive devaluation occurred during the
 
  a. Great Depression.
  b. Vietnam War.
  c. economic downturn of 2008.
  d. 1990s.



What effects would revaluing the Chinese yuan have?
 
  a. Make Chinese exports more competitive in foreign markets
  b. Decrease employment in China
  c. Increase profits for Chinese exporters
  d. Decrease the prices of Chinese exports
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lazerlazer
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6 years ago
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6 years ago
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