New Click here to Enroll for SIDBI MSME Expert Class by ex-GM, SBI on Nov 24

    Register

    Question

    Which one of the following is an incorrect statement as

    it relates to protectionism:
    A member nations may obtain preferential treatment compared to non-member nations Correct Answer Incorrect Answer
    B Canadian consumers pay billions each year because of protective restrictions Correct Answer Incorrect Answer
    C beer import tariffs to Canada protect local manufacturers but interfere with global trade Correct Answer Incorrect Answer
    D protectionism is viewed favorable by everyone because the price of goods remains consistent country-to-country Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The correct answer is D

    Practice Next