Over the Duration of Many Years, More Than _______ of All

question 20

Multiple Choice

Over the duration of many years, more than _______ of all new jobs are created by small business.

• A) 20%
• B) 35%
• C) 50%
• D) 70%

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Definitions:

High Protective Tariffs

Elevated taxes imposed on imported goods to protect domestic industries from foreign competition.

Frederic Bastiat

A French economist and writer known for his theories on free markets and the unseen economic consequences of government intervention.

Free Trade

An economic policy that allows imports and exports between countries with minimal or no tariffs, quotas, subsidies, or prohibitions to encourage international trade.

Protection

Policies or measures taken by a government to shield its domestic industries from foreign competition, often involving tariffs or quotas.