The Two Primary Reasons to Adopt Measures to Restrict Trade

question 44

Multiple Choice

The two primary reasons to adopt measures to restrict trade are that

• A)they help keep real wages high in the importing country, and they also permit small businesses to compete in international markets.
• B)they may help the importing country improve its educational system, and they keep high-technology products from being stolen by foreign competitors.
• C)they may help the importing country get better prices for its goods, and they protect certain industries from foreign competition.
• D)they may help advance the political goals of the nation, and they encourage productivity in domestic industries.

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Definitions:

Legally Defensible

A position, action, or decision that can be successfully upheld in a court of law.

Performance Appraisals

The systematic evaluation of the performance of employees and to understand the abilities of a person for further growth and development.

Situational

Relating to or depending on current circumstances, conditions, or situations that can influence the decision-making process or outcome.

Employment Testing

The practice of administering tests to job applicants or employees to assess their suitability for specific roles or tasks.