Protectionist Policies

question 159

Multiple Choice

Protectionist policies:

• A) restrict the importation of foreign goods and services.
• B) shift the supply curves for the protected goods and services to the right in the country imposing the restriction.
• C) generally result in increased benefits in the long run in all countries.
• D) are no longer advocated by powerful interests.

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Definitions:

Involvement

The degree of interest, participation, or engagement that an individual or group has in a particular activity or situation.

Acute Stressors

Short-term events or situations that require immediate attention and can lead to stress responses in individuals.

Single Occurrence

An event or circumstance that happens only once, not part of a series or repeated pattern.

Persist

Refers to continuing steadily or firmly in a course of action in spite of difficulty or opposition.