Concerning International Trade Restrictions,which of the Following Is False? Trade

question 155

Multiple Choice

Concerning international trade restrictions,which of the following is false? Trade restrictions:

• A) Limit specialization and the division of labor
• B) Reduce the volume of trade and the gains from trade
• C) Cause nations to produce inside their production possibilities curves
• D) May result in a country producing some of the product of its comparative disadvantage

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Definitions:

Peter Principle

A concept that suggests people in a hierarchy tend to rise to their "level of incompetence," where they no longer have the ability to perform well.

Market Matching

A strategy used by businesses to align their offerings, products, or services with the demands and needs of the market.

Strategic Compensation

The design and implementation of compensation systems to align employee rewards with the organization's strategic objectives.

Business Objectives

Goals and targets that a business aims to achieve in a set period.