Question

QUESTION 9 As it relates to international trade, dumping O constitutes a general case for permanent tariffs. is defined as selling more goods than allowed by an import quota, O O is a form of price discrimination illegal under U.S. antitrust laws. O is the practice of selling goods in a foreign market at less than cost. QUESTION 10 The infant-industry argument can be justified because: O A new industry may be difficult to start in the face of existing foreign competition. O A new industry may never develop in a protected, noncompetitive environment. The government may not be able politically to end protectionism even when protectionism is no longer O justified Government may choose to protect industries, which place heavy import burdens on the economy.

Answer 1

9) 4 option is correct

dumping is when a country export a product at less price in foreign market than the price in domestic market

10) 1 option is correct

infant industry lack the experience and size to compete against established competitiors

11) 4 option is correct

as 1 pound=$ 1.80

now 1 pound=$ 1.50

so clearly see we have pay more of dollar before for a pound then now so value of dollar appreciated relative to the pound

12) 1 option is correct

for 90 surfboard opportunity cost is 30

i.e, 90 surfboard= 30 teapots

then 1 surfboard= 30/90 teapots = 1/3 teapots

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