Restricting Imports into a Small Country by the Government

question 13

Multiple Choice

Restricting imports into a small country by the government:

• A)protects domestic producers from foreign competition.
• B)increases consumer welfare in the country.
• C)increases the general welfare of the importing nation.
• D)increases well-being of the global economy.

---

Definitions:

Horizontal Merger

A merger occurring between companies in the same industry, often leading to consolidation and potentially impacting competition.

Conglomerate Merger

A conglomerate merger is a combination of two companies that operate in unrelated business activities, aiming to expand corporate reach and reduce risks.

Strategic Merger

The combination of two companies with the aim of achieving long-term strategic goals and enhancing value.

Consolidation Merger

The combination of two or more companies into a completely new entity, with the original companies ceasing to exist.