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Global economy

1. Assume that foreign producers are selling canned tomatoes in Australia at below their cost of production. Domestic producers ask the government to impose a tariff on these imports. What is the most likely reason for this request?
(A) To prevent dumping
(B) To improve national defence
(C) To support an infant industry
(D) To maintain domestic employment
2. Which of the following is most likely to increase gross world product?
(A) Increased rates by central banks
(B) Increased migration to developing countries
(C) Increased protection by advanced economies
(D) Increased investment by transnational corporations in developing countries
 
 
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