Quotas and Tariffs on Imports Imposed by Governments to Protect

question 76

True/False

Quotas and tariffs on imports imposed by governments to protect domestic industries tend to discourage foreign direct investment.

---

Definitions:

Qualities We Aspire

Refers to the characteristics or attributes individuals or societies strive to develop or achieve.

Reference Group

A reference group is a social group that an individual uses as a standard for evaluating their own behavior, values, and attitudes.

Keeping Up

The practice or tendency of maintaining a standard of living or achievements comparable to those of one's peers or neighbors.

Joneses

A colloquial term referring to neighbors or societal peers whose social and economic status influence others to try to keep up or surpass them, often leading to consumerism and competition.