Protectionist Policies

question 159

Multiple Choice

Protectionist policies:

• A) restrict the importation of foreign goods and services.
• B) shift the supply curves for the protected goods and services to the right in the country imposing the restriction.
• C) generally result in increased benefits in the long run in all countries.
• D) are no longer advocated by powerful interests.

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Definitions:

Aquifer

A body of permeable rock that can contain or transmit groundwater.

Groundwater Flow

The movement of water through the subsurface soil and rocks, primarily driven by gravity and pressure differences.

Permeability

Permeability is a measure of the ability of a porous material (such as rock or soil) to allow fluids to pass through it.

Perched Water

Groundwater that sits above the main water table and generally is underlain by a layer or lens of impermeable rock that blocks the downward flow of groundwater.