principal of IT

Nantong University, International Students of Business School, Academic year 2018-2019, 10. Which of the following arguments for protection states that import-competing firms that are struggling to stay in business should be provided protection in order to maintain jobs and continue domestic production? a. The developing government argument. b. The infant industry argument. c. The dying industry argument. d. The national defense argument. it # A _. part two: true or false questions (2'*10) ( )1. The most favored nation (MFN) principle states that any trade concession given to any foreign country must be given to all other countries having the same MFN status ( )2. A tariff imposed by a small country hurts the tariff imposing country but brings gains to the rest of the world. ( )3. Over time, Intra-Industry Trade has become smaller and smaller as a percentage of overall trade. )4. If a country is small, then its trade will have no effect on its terms of trade. )5. Firms that are participating in persistent dumping need to be able to prevent resale bet ween the foreign and domestic markets. ( )6. Growth with an increased willingness to engage in international trade will always improve the economic well-being of a country. ( )7. If markets are competitive, policies that restrict imports are usually harmful to the importing country while policies that encourage exports are usually beneficial to the exporting country. )8. The Heckscher-Ohlin theory of trade differs from the Ricardian model by assuming that there are only two goods. ( )9. In the absence of any other distortion, a tariff will create a distortion, but a government subsidy will not create a distortion. ( )10. A free-trade area removes trade barriers between member countries, but allows theme mber countries to maintain their own trade barriers against trade with nonmember countries. 2 of 3