Business, 28.07.2019 05:00 linshweyioo5442

Which is an example of protectionist trade policy? a) tariffs b) unions c) sales taxes d) the minimum wage

Answers: 1

Show answers

Answers

Answer from: kaayla20

Which is an example of protectionist trade policy? A. Tariffs

The most common types of protectionism measures are tariffs, import quatos and subsidies to local producers. Since tariffs are one of the most common examples, they are the best choice for this question. The protectionist trade policy includes government policies that restrict free trade between countries. While monitoring the trade, they are doing their best to protect local industries and jobs from foreign competition that is unfair.

Answer from: naz731

The option A is correct. The example of protectionist trade policy is tariffs.

Further explanation:

Tariffs are imposed by the government in order to restrict the import and export from the country. They are used to protect or encourage the domestic economy.

Justification for the correct and incorrect

Tariffs:This option is correct.

Tariffs are imposed by the government Option restrict the import and export from the country. They are used to protect or encourage the domestic economy.

Unions:This option is incorrect.

The unions are an association of people formed in order to promote the interest of a particular group of people. They do not come under trade policy.

Sales taxes:This option is incorrect.

The taxes are imposed on the sale of goods from one state to another or interstate sale are known as sales taxes. They are not imposed to restrict trade.

The minimum wage:This option is incorrect .

The minimum wage refers to the minimum rate at which wages will be paid to the worker. The minimum wage rate is set in order to safeguard the interest of the worker.

Therefore, option A is correct.

Learn more:

1. Learn more about the tax on the profit from selling the fixed assets

2. Learn more about the personal tax

3. Learn more about the role of money

Answer details:

Grade: High School

Subject: Economics

Chapter: Trade policy

Keywords: An example of protectionist trade policy, tariffs, unions, sales taxes, the minimum wage, trade policy.

Answer from: Quest

answer; coefficient of correlation;

Answer from: Quest

The decision i made was if i should ask my friend a question that might hurt her but i still made it a good decision

Another question on Business

Business, 21.06.2019 20:40

Alocal club is selling christmas trees and deciding how many to stock for the month of december. if demand is normally distributed with a mean of 100 and standard deviation of 20, trees have no salvage value at the end of the month, trees cost $20, and trees sell for $50 what is the service level?

Answers: 2

Answer

Business, 22.06.2019 08:10

Exercise 15-7 crawford corporation incurred the following transactions. 1. purchased raw materials on account $53,000. 2. raw materials of $45,200 were requisitioned to the factory. an analysis of the materials requisition slips indicated that $9,400 was classified as indirect materials. 3. factory labor costs incurred were $65,400, of which $50,200 pertained to factory wages payable and $15,200 pertained to employer payroll taxes payable. 4. time tickets indicated that $55,000 was direct labor and $10,400 was indirect labor. 5. manufacturing overhead costs incurred on account were $81,700. 6. depreciation on the company’s office building was $8,100. 7. manufacturing overhead was applied at the rate of 160% of direct labor cost. 8. goods costing $89,400 were completed and transferred to finished goods. 9. finished goods costing $76,000 to manufacture were sold on account for $105,100. journalize the transactions. (credit account titles are automatically indented when amount is entered. do not indent manually.) no. account titles and explanation debit credit (1) (2) (3) (4) (5) (6) (7) (8) (9) (to record the sale) (to record the cost of the sale) click if you would like to show work for this question: open show work

Answers: 1

Answer

Business, 22.06.2019 10:30

6carla would like to buy a dress, a dresser for her bedroom, and a home theater system. she has one month's worth of living expenses in her emergency fund. carla decides to save for the home theater system. did carla make the right decision? why or why not? a. yes; her emergency fund is full and the other items will probably be less expensive. b. yes; she could save more for her emergency fund, but the home theater will be harder to save for. c. no; she should save more for her emergency fund because she has saved less than the recommended amount. d. no; she should have bought the dress and dresser first because she could afford them right away. reset next

Answers: 2

Answer

Business, 22.06.2019 20:50

Which of the following is an example of a monetary policy? a. the government requires credit card companies to protect customers' privacy. b. the government restricts the amount of money that banks can lend. c. the government lowers taxes and increases spending. d. the government pays for repairing damage from a natural disaster.

Answers: 1

Answer

You know the right answer?

Which is an example of protectionist trade policy? a) tariffs b) unions c) sales taxes d) the min...

Questions