QUESTION 5 Which of the following is the main cultural motive behind government
ID: 391446 • Letter: Q
Question
QUESTION 5
Which of the following is the main cultural motive behind government intervention in trade?
promotion of strategic trade policies
protection of national identity
protection of jobs
protection of young industries from competition
2 points
QUESTION 6
Purposely understaffing customs offices to cause time delays, requiring special licenses that take a long time to obtain, and requiring air carriers to land at inconvenient airports are all examples of ________.
local content requirements
administrative delays
voluntary export restraints
import quotas
2 points
QUESTION 7
Which of the following statements is true of tariffs?
They protect domestic producers.
They increase products' appeal to buyers.
They lower the effective prices of imports.
They are the major source of government revenue in developed nations.
2 points
QUESTION 8
Countries might impose a(n) ________ in response to the threat of an import quota or total ban on a product by an importing nation.
ad valorem tariff
compound tariff
embargo
voluntary export restraint
promotion of strategic trade policies
protection of national identity
protection of jobs
protection of young industries from competition
Take Test QiR 6-internatior 77962 18course ld-68265 1&content.id 1652896 1&step-nulExplanation / Answer
Question 5
The correct answer is "protection of national identity".
The US government intervention in internal trade by setting up the US commercial will help the US economy. Government intervention will help in regulating the trading industries through Commercial Service. Government intervention also provide trade protection by creating trust between the parties entering into trade contract. This will help in maintaining fair trade practices in US. The cultural motives behind government intervention in trade is to achieve cultural objectives and protecting national identity.
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