Name anh uggested that trade policy designed to retaliate agsinst another policy wouldsed country'sde a benefit the multination firms of both countries b benefit the citizens of both countries e. hurt the d. hurt the citizens of both countries firms of both countries 21. A key goal of the 1986 Uriguay Round was to: a extend GATT to cover trade in commodities b. extend GATT rales to cover trade in services e increase agricultural subsidies d. loosen the GATTs monitoring and enforcement 22, wo rules allow countries to produstn foreign goods that are being sold cheaper than at home, being harmed.rduction, even when domestic producers can show that they are a. impose antidumping duties on b. subsidize e. lower the import quota on d. place countervailing duties orn 23. Inadequate protections for intellectual property a. increase the incentive for innovation b. led to the Smooth-Hawley Act c. reduce the incentive for innovation d are one of the issues addressed by the local content requirement 24 Business firms that lobby their governments to engage in protectionism have an opportunity to build a(n) , by constructing a globally dispersed production system. a. absolute advantage b. competitive advantage strategic trade advantage c. d. comparative advantage 25. A common hybrid of a quota and a tariff is known as a(n): a. b. c. d. import tariff quota voluntary export restraint ad valorem tariff tariff rate quota