Although Embargos Are Enacted Upon Both Imports and Exports, This

question 158

Multiple Choice

Although embargos are enacted upon both imports and exports, this form of trade protectionism is often the result of

• A) physical and environmental limitations on trade.
• B) nontariff barriers.
• C) currency fluctuations.
• D) political disagreements between nations.

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Definitions:

Ecological Fallacy

The error in reasoning that occurs when assumptions are made about individuals based on aggregate data for a group.

Ethnocentrism

The belief in the superiority of one's own ethnic group or culture, often resulting in prejudice and bias against other groups.

Follow-Through

The act of completing a task or continuing an action to its conclusion.

Controlling

The management function focused on monitoring performance, comparing it with goals, and taking corrective action as necessary.