Which of the Following Best Describes Protectionism

question 116

Multiple Choice

Which of the following best describes protectionism?

• A) It uses artificial barriers to protect home products.
• B) It is based on the concept of absolute advantage.
• C) It allows people to buy and sell where they please.
• D) It prohibits tariffs, embargoes, and import quotas.

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Definitions:

Functions Addition

The process of incorporating new capabilities or functionalities into an existing system or software.

Conversion Expense

Costs associated with converting raw materials or inputs into finished products, including labor, machine time, and other processing expenses.

Programmers

are professionals who write, debug, and maintain the source code of computer programs.

Computer Programs

The sequences of instructions for the computer, which comprise software.