Tariffs are NOT defended on the grounds that they
A)protect domestic producers from foreign low prices.
B)promote growth and development of young industries.
C)improve the terms of trade of foreign nations.
D)protect jobs and reduce unemployment.
E)prevent over- dependence of a country on only a few industries.

Question

Quizplus · Accepted Answer

Tariffs are typically not defended on the grounds that they improve the terms of trade of foreign nations. Instead, they are usually justified as measures to protect domestic industries, promote growth, protect jobs, and prevent over-dependence on a few industries.

Tariffs Are NOT Defended on the Grounds That They