Which of the Following Probably Best Explains Why Trade Restrictions

question 81

Multiple Choice

Which of the following probably best explains why trade restrictions are imposed even if the costs to consumers are greater than the benefits to protected industries?

• A)Indifference on the government's part to the interests of domestic workers
• B)A desire to make other countries suffer
• C)Successful lobbying by consumers
• D)Successful lobbying by employers and workers
• E)The government's preference to safeguard the interest of the producers at the expense of the consumers

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Definitions:

Internal Marketing

The strategy of treating employees as internal customers to align, motivate, and empower them to serve the actual customers more effectively.

Product, Price

The combination and strategy of setting a product's value in the market and the amount consumers are willing to pay for it.

Internal Product

A product developed for and used exclusively within a company, not intended for the external market.

Additional Employee Training

The process of providing employees with further education or skills after their initial training to improve their performance or prepare them for additional responsibilities.