A Program of Protection That Results in Preserving Jobs in Certain

question 159

Multiple Choice

A program of protection that results in preserving jobs in certain industries

• A)maintains full employment at lower cost than any other program or policy.
• B)lowers average pay in the protected industries.
• C)improves living standards for the average person in that country.
• D)often does so at a cost that is much higher than the average income of persons in those industries.

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Definitions:

Global Markets

Refers to the international trading system where goods, services, and capital are exchanged across borders, influenced by globalization.

Mandatory

Required or compulsory, often by law or regulation, meaning something that must be done or adhered to.

United Kingdom

A sovereign country located off the northwestern coast of mainland Europe, comprising England, Scotland, Wales, and Northern Ireland.

Hierarchy of Effects

A model that outlines the sequential steps consumers typically go through, from awareness to knowledge, liking, preference, conviction, and finally purchase.