Question

Basod on what we know about the coonomic impact of tariffs and quotas, which of the: garners soane canditional suppert from cococasies?

a. When concems over humm rights and the cmivonemet are used bo increase tariffs.
b. When a country becomes cotviaced that its trading partners are engaging in dumging or currersy manipulation.
c. When the value of the dollar fluctuates coepured to forrign cumency.
d. Waen a govemment has decided that it nesdi bo ciiminate a balance of trade deficie with anolicr nation
. d When, with teenponary protection, an infint indistoy could emerge and show lans: zug compafative advarthges over other oountriet

Answer 1

Tariffs and quotas can have conditional support depending on factors like human rights concerns, accusations of unfair trade practices, currency fluctuations, trade deficits, and promoting infant industries.

Step-by-step explanation:

Tariffs and quotas have economic impacts that can garner support under certain conditions:

1. When concerns over human rights and the environment are used to increase tariffs: This can protect domestic industries and encourage them to adhere to higher standards.
2. When a country is convinced that its trading partners are engaging in dumping or currency manipulation: Tariffs can be used as a means of retaliation or protection against unfair practices.
3. When the value of the dollar fluctuates compared to foreign currency: Tariffs can help stabilize trade by adjusting prices in response to currency fluctuations.
4. When a government decides to eliminate a balance of trade deficit with another nation: Tariffs can be used to reduce imports and promote domestic production.
5. When an infant industry could emerge and show long-term comparative advantages over other countries: Temporary protection in the form of tariffs can support the growth of new industries.