题目内容
Relatively low wages in Mexico make it impossible for U.S. manufacturers of labor-intensive goods to compete against Mexican manufactures.
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According to the infant-industry argument, temporary tariff protection granted to an infant industry will help it become competitive in the word market;when international competitiveness is achieved, the tariff should be removed.
Unlike a specific tariff, an ad valorem tariff differentiates between commodities with different values.
A limitation of a specific tariff is that it provides a constant level of protection for domestic commodities ragardless of fluctuations in their prices over time.
A tariff quota is a combination of a specific tariff and ad valorem tariff.
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