Which one of the following is a non-economic argument in favour of trade protection?Multiple choice question.Trade barriers can be used to ensure adequate environmental and safety standards in the production of goods and services.Trade barriers can help protect a country's cultural sovereignty.Trade barriers can be used to protect infant industries so that the can grow sufficiently to compete globally.Trade barriers help stimulate domestic employment

Which of the following applies to the argument that trade barriers can help a country improve its terms of trade?  Multiple choice question.This strategy works by increasing the global demand of the relevant product.The intention of a trade barrier in this case is to reduce the global price of the relevant product.This argument is relevant when a country is a minor global importer of a particular product.

From the following list, select all the options which apply to the argument that trade barriers can help a country improve its terms of trade.Multiple select question.This argument is relevant when a country is a major global importer of a particular product.When this argument applies to a country, the country can impose a tariff to reduce global demand for a particular product.This argument is relevant when a country is a major global exporter of a particular product.

From the following list, select all the options that apply to the use of trade barriers to protect domestic workers from cheap foreign labour?Multiple select question.According to this argument, blocking imports allows an industrialized country to protect domestic jobs.The argument is most often used to block imports from emerging economies such as China and India.The argument is most applicable when low-wage economies block imports from other low-wage economies.The argument does not take account that wages in various countries are reflect differing productivity levels in these countries.

Trade barriers can be beneficial to a country because they:A.prevent the country from becoming too reliant on foreign goods.B.increase the variety of consumer goods available in the country.C.lower the overall cost of producing goods within the country.D.make businesses in the country more efficient at producing goods.

Complete the following statement: Trade barriers can be used to protect domestic jobs. A restriction on imports will increase demand for    goods. This will increase the derived demand for    and increase employment.