Restrictions on Trade

question 73

Multiple Choice

Restrictions on trade:

• A) reduce income, increasing the necessity of child labor.
• B) reduce child labor by making countries more reliant on adult labor.
• C) will allow children to leave jobs in agriculture for higher-paying jobs in manufacturing.
• D) lead to higher income for developing countries but not industrialized countries.

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Definitions:

Distributors

Businesses or entities that purchase products from manufacturers and then sell them to retailers or directly to the end-users.

Independent

Refers to entities or individuals that are self-reliant and not influenced or controlled by others in terms of business operations or decisions.

Marketing Channel

A pathway through which goods and services flow from producers to consumers, involving intermediaries such as wholesalers and retailers.

Profits

The financial gain achieved when the revenues from business activities exceed the expenses, costs, and taxes needed to sustain the operation.