Which of the Following Is TRUE with Regard to Protectionism

question 47

Multiple Choice

Which of the following is TRUE with regard to protectionism?

• A) It increases the availability of raw materials for domestic industries.
• B) It decreases the cost of products sold in the home market.
• C) It increases the availability of products sold in the home market.
• D) It can trigger retaliation from foreign governments, which reduces sales prospects for exports.

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Definitions:

Criminal Prosecution

The process by which a person is charged, tried, and potentially convicted by the state for committing a criminal offense.

Duress

A condition where a person performs an act as a result of violence, threat, or other pressures against the person.

Illegal Contract

An agreement that is void and unenforceable by law due to its nature of involving activities that are against the law.

Voidable

Describes a legal agreement that could be declared invalid by one of the parties due to certain deficiencies or circumstances.