Trade Barriers That Restrict Imports from Developing Countries Tend to Be

question 14

Multiple Choice

Trade barriers that restrict imports from developing countries tend to be

• A) highest in the capital goods and technology sectors of those economies.
• B) lowest in the labor-intensive manufacturing sectors of those economies.
• C) lowest for those products in which DVCs have a comparative advantage.
• D) highest for those products in which DVCs have a comparative advantage.

Understand the multifaceted impact of individual ethics, corporate culture, and societal norms on organizational behaviors.

Recognize the importance and methodology of setting SMART goals for personal and professional development.

Distinguish between terminal and instrumental values and their roles in ethical decision-making.

Grasp the significance of ethical audits, ethics tests, and ethical decision-making frameworks in guiding ethical behavior.

---

Definitions:

Taxed Without Consent

The imposition of taxes on individuals or businesses without their agreement or representation, often considered unjust.

Stamp Act

A law enacted by the British Parliament in 1765 requiring American colonists to pay a tax on every piece of printed paper they used, which was a contributing factor to the American Revolution.

East India Company

A historical English company formed for the exploitation of trade with East and Southeast Asia and India, incorporated by royal charter in 1600.

Boston Tea Party

The incident on December 16, 1773, in which the Sons of Liberty, dressed as Indians, dumped hundreds of chests of tea into Boston Harbor to protest the Tea Act of 1773. Under the Tea Act, the British exported to the colonies millions of pounds of cheap—but still taxed—tea, thereby undercutting the price of smuggled tea and forcing payment of the tea duty.