Question 11 High-income industrial nations such as the United States and Japan tend to have their highest tariffs in newer, high-technology manufacturing industries. capital-intensive, diversified manufacturing O agriculture, clothing, and textiles O automobiles O computers Question 12 Which of the following describes the asymmetry Mancur Olson observed in the incentives to support and oppose a tariff policy? O The total benefit of those seeking protection outweighs the total cost of those who are hurt by the protection The benefits of protection are spread out over a large number of firms and industries, but the costs are concentrated on consumers. The costs of protection are spread out over a large number of firms, and the benefits of protection are concentrated on consumers. The costs of protection are concentrated on a few firms, and the benefits of protection are spread out over a large number of consumers. The benefits of policy are concentrated, and the costs are spread out over a large number of participants, a D Question 13 Economists believe that there are many nonmonetary gains from further trade opening. Which of the following is NOT one of those potential gains? Economies of scale from increased production decreases costs Intensihed competition is usually an incentive to innovate Governments of developing countries will be less reliant on tarif revenue Diversification of production towers make O More diversity of goods available benefits consumers