Trade Restrictions

question 92

Multiple Choice

Trade restrictions:

• A) help to save jobs in the protected industry, which causes these workers to spend more money in other industries, netting increased output and job opportunities throughout the economy.
• B) are a very inexpensive way of saving jobs, cheaper than job retraining programs.
• C) may save jobs in one industry but at a cost of less job growth in other industries.
• D) often have little support by politicians, media, and the public.

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Definitions:

Diverse Populations

Groups of individuals that vary significantly in characteristics such as culture, ethnicity, socioeconomic status, or language.

Cultural Differences

The variations in the practices, customs, and behaviors of different societies or cultures.

Axiology

The branch of philosophy that studies the nature of values and value judgments.

World View

A comprehensive outlook or perspective through which an individual interprets the world and interacts with it.