What is the main objective of protecting emerging industries according to the material?

Protect emerging industries during their development from global competition

Spend public funds inefficiently

What is the argument of the "infant industry argument"?

Emerging industries need protection from international competition during their development.

Established industries must be protected from national competition.

The government should only intervene in technological industries.

Foreign companies should receive subsidies.

What is a possible disadvantage of protection for national industries according to the material?

It can make national companies less innovative, less competitive, and more likely to raise prices.

It can increase international competition.

It can reduce the prices of national products.

It can make national companies more innovative.

What mistake can governments make when protecting industries?

They can make mistakes in identifying the industries that are truly worth protecting.

They can invest too much in foreign companies.

They can reduce taxes for all industries.

They can eliminate national competition.

Why might it not be the best option to use public funds to protect emerging industries?

Because promising ventures can currently obtain private financing.

Because public funds are always unlimited.

Because foreign companies do not need protection.

Because public funds should only be used for education.

What is one of the objectives of following a strategic trade policy?

Help companies achieve economies of scale and gain a first-mover advantage

Reduce international competition

Which of the following is a possible outcome of implementing a strategic trade policy?

Reduction of international cooperation

Elimination of special interests

What effect can a strategic trade policy have on the efficiency of companies?

Reduction of the efficiency of companies

Increase in the efficiency of companies

What is the objective of a strategic trade policy?

To help companies achieve economies of scale and first-mover advantages.

To reduce government intervention in international trade.

To limit foreign competition without any benefit to domestic companies.

To promote only domestic consumption.

What is a potential benefit of a strategic trade policy?

Higher corporate profits due to strong positions in the global market.

Reduction of business efficiency.

Increase in costs for companies.

Decrease in international competitiveness.

What is a potential disadvantage of government assistance in a strategic trade policy?

It can cause corporate inefficiency and higher costs.

It increases the competitiveness of companies.

It reduces the influence of special interest groups.

What can happen when government assistance is subject to the political pressure of special interest groups?

Special interest groups benefit more and consumers benefit little.

Consumers receive most of the benefits.

There is no political influence on the distribution of assistance.

All sectors of society benefit equally.

What is one of the cultural reasons why nations block imports?

To increase foreign competition

Who are usually the main suspects when imports are blocked for cultural reasons?

The media and consumer goods from the U.S.

What phenomenon has increased the trend of blocking imports to protect national identity?

The decrease of international trade

What is one of the economic reasons for intervention in trade according to the text?

To seek a strategic trade policy.

To reduce international competition.

To completely eliminate tariffs.

To promote free trade without restrictions.

What is a potential benefit of a strategic trade policy?

Higher corporate profits due to strong positions in the global market.

Reduction of business innovation.

Decrease in international competition.

Increase in government bureaucracy.

What is a potential disadvantage of government assistance in a strategic trade policy?

It can cause corporate inefficiency and higher costs.

It increases international competition.

It eliminates political intervention.

What may government assistance be subject to according to the text?

To political lobbying where special interest groups benefit more than consumers.

To the reduction of production costs.

To the promotion of fair competition.

Which of the following is a potential positive outcome of subsidies?

Encourage inefficient companies

Which of the following is a potential negative outcome of subsidies?

Encourage inefficient companies

What effect can subsidies have on consumer prices?

Eliminate inefficient companies

What is a potential environmental consequence of subsidies?

Promotion of business efficiency

What type of financing is mentioned in the slide about "EXPORT FINANCING"?

Low-interest loans and loan guarantees

What is one of the functions of the Export-Import Bank of the United States?

Guarantee working capital loans

Provide life insurance to employees

What type of information does the Export-Import Bank of the United States provide?

Credit information about foreign nations or companies

What service does the Export-Import Bank of the United States offer to protect exporters?

Export credit insurance against losses

What is a foreign trade zone?

A designated area where goods can pass with lower customs duties and/or fewer customs procedures

An area where only domestic production is allowed

A place where international trade is prohibited

What is the main purpose of foreign trade zones?

Increase employment and trade within the nation

Limit the import of foreign products

What are the main objectives of a foreign trade zone?

Create jobs and increase trade.

Reduce the population and increase taxes.

Limit production and decrease trade.

Increase tariffs and reduce employment.

What effect do foreign trade zones have on customs duties?

They do not affect customs duties.

They completely eliminate customs duties.

What do companies usually use foreign trade zones for?

For the final assembly of products.

To store finished products indefinitely.

To sell products directly to consumers.

For research and development of new products.

Which of the following is an example of a foreign trade zone mentioned in the text?

The maquiladora zone in Mexico on the border with the United States.

The agricultural zone of Brazil.

The financial district of London.

Which of the following functions corresponds to special government agencies?

Organize trade missions for officials and companies, and promote necessary imports

Regulate national monetary policy

¿Qué hacen las agencias gubernamentales especiales en el extranjero?

Operan oficinas de promoción de exportaciones

Supervisan elecciones internacionales

Dirigen embajadas diplomáticas

Motivos Políticos en el Comercio

12th Grade

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Motivos Políticos en el Comercio

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Practice Problem

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Medium

ANA PALACIO

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To increase the consumption of imported products.

To decrease domestic production.

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Motivos Políticos en el Comercio

75 questions

Which of the following is NOT a political reason mentioned in the image?

According to the image, what is one of the political reasons for intervening in trade?

Which of the following political motives is related to the security of a country?

Why do legislators often try to protect jobs in the domestic economy?

What industries usually receive government protection to ensure national supply in emergencies?

What is another reason why governments intervene in trade?

Why do governments seek to engage in international trade, besides economic reasons?

What is the main objective of protecting emerging industries according to the material?

Which of the following is a potential positive outcome of protecting emerging industries?

Which of the following is NOT a potential negative outcome of protecting nascent industries?

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