Trade Restrictions Result in All of the Following Except One

question 85

Multiple Choice

Trade restrictions result in all of the following except one.Which is the exception?

• A)Higher prices
• B)Fewer choices
• C)Improved quality
• D)Misallocation of resources
• E)Reduced competition

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Definitions:

Environmental Responsibility

The duty that individuals and organizations have to act in ways that protect and benefit the environment.

Economic Responsibility

denotes a company's or individual's obligation to make decisions that positively impact the economic well-being of society, including prudent use of resources and fair economic practices.

C.K. Prahalad

An influential business thinker known for his work on core competencies and the bottom of the pyramid concept.

Bottom of the Pyramid

A concept in economics and business that targets the largest but poorest socio-economic groups in a global perspective for business.