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:

Corporate History

The chronicle of significant events, developments, and changes within a corporation over its existence.

Largest Merger

Refers to the biggest union of two or more corporations into one corporate entity, typically involving significant financial transactions and restructuring.

Antitrust Law

Regulations designed to promote fair competition for the benefit of consumers, preventing monopolies and other practices that hinder free markets.

Provision

The action of providing or supplying something for use, such as goods, services, or resources.