One of the Main Reasons That People Want to Limit

question 141

Multiple Choice

One of the main reasons that people want to limit imports is the

• A)fear that imports will decrease the income of Americans.
• B)idea that cheap foreign labor destroys American jobs.
• C)concept that if trade benefits another country, it must harm the United States.
• D)All of the above are correct.

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Definitions:

Short-Term Efficiencies

Immediate measures taken within an organization to optimize resource use and performance without long-term impacts.

Co-opetition

The strategy of working with rivals on projects of mutual benefit.

Generic Strategies

Broad approaches to business strategy proposed by Michael Porter that can be applied across industries, including cost leadership, differentiation, and focus strategies.

Market Scope

The extent or range of areas (geographical, product lines, demographics) a business or product targets in order to market its goods and services.