The optimum tariff for a small nation is:

An import quota:

An increase in the demand of the imported commodity subject to a given import q uota:

Adjustment to any shift in the domestic demand or supply of an importable comm odity occurs:

An international cartel refers to:

The temporary sale of a commodity at below cost or at a lower price abroad in or der to drive foreign producers out of business is called:

The type of dumping which would justify antidumping measures by the country su bject to the dumping is:

A fallacious argument for protection is:

. Which of the following is true with respect to the infant-industry argument for pr otection:

Which of the following is false with respect to strategic trade policy?

Industrial policy refers to:

Game theory refers to:

Trade protection in the United States is usually provided to:

The most-favored-nation principle refers to:

On which of the following principles does GATT rest?