Trade Barriers That Restrict Imports from Developing Countries Tend to Be

question 14

Multiple Choice

Trade barriers that restrict imports from developing countries tend to be

• A) highest in the capital goods and technology sectors of those economies.
• B) lowest in the labor-intensive manufacturing sectors of those economies.
• C) lowest for those products in which DVCs have a comparative advantage.
• D) highest for those products in which DVCs have a comparative advantage.

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Definitions:

Released

Pertains to the distribution of films, music, or software to the public for sale or consumption, often after a specified date has been set.

Color

Refers to the use of colors in visual media, often to enhance aesthetic appeal, convey emotions, or signify meanings.

Exclusive Contracts

Agreements that restrict individuals or entities to engage or transact with only one party, commonly seen in professional sports and the entertainment industry.

Adhesion Contract

A standard-form contract prepared by one party, with little or no negotiation with the weaker party, often in situations where the choices or bargaining power is limited.