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Which were the two major challenges faced by U.S. multinational corporations at the close of the 1960s? A. The creation of the Soviet Union and the higher tariffs on importsB. Growing jingoistic nationalism and a negative population growth rate in major international marketsC. Resistance to direct investment and increasing competition in export marketsD. Increasing Chinese domination in the manufacturing sector and the falling dollar in global marketsE. The decreased demand for U.S. goods in the global market and the growing influence of consumer rights advocacy in the home market

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In general, tariffs weaken: A. inflationary pressures.B. special interests' privileges.C. balance-of-payments positions.D. government control in economic matters.E. the number of reciprocal tariffs by other countries.

Randall, a protectionist, has seen several small businesses go bankrupt because they were unable to compete with the cheaper prices of goods provided by foreign companies. The cell-phone manufacturing industry has just started in the United Kingdom, and Randall's company is one of the first to try its hand at cell-phone manufacturing. Which of the following arguments is most likely to be used by Randall to persuade his government to restrict the import of foreign cell phones from foreign companies? A. Protection of an infant industryB. The need to keep money at homeC. Conservation of natural resourcesD. National defenseE. Maintenance of standard of living

In general, tariffs restrict: A. inflationary pressures.B. special interests' privileges.C. government control in economic matters.D. the number of reciprocal tariffs.E. manufacturers' supply sources.

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