Asked by Ashley Dias-Stiefel on Jun 07, 2024
Verified
President Obama is an advocate of free trade,but which of the following actions is contrary to free trade?
A) Closing the Cuban prison.
B) Not getting the immigration problem solved.
C) Imposing a 35% tax on imported tires.
D) Implementing the stimulus plan.
Free Trade
A policy by which a government does not discriminate against imports or interfere with exports by applying tariffs (to imports) or subsidies (to exports) or quotas.
Imported Tires
Tires that are manufactured outside a country and are brought in through trade.
Stimulus Plan
A package of economic measures put together by a government to stimulate a floundering economy.
- Understand the influence of governmental regulations and interventions on global commerce.
- Assess the pros and cons of adopting protectionist trade measures.
Verified Answer
AS
Akash SharmaJun 11, 2024
Final Answer :
C
Explanation :
Imposing a tariff or tax on imported goods is a form of protectionism, which is contrary to the principles of free trade. The other options listed are not directly related to free trade.
Learning Objectives
- Understand the influence of governmental regulations and interventions on global commerce.
- Assess the pros and cons of adopting protectionist trade measures.