Which of the Following Groups Is Likely to Lose from Free

question 94

Multiple Choice

Which of the following groups is likely to lose from free trade?

• A)Producers of an industry that has been protected from foreign competition
• B)Consumers purchasing goods and services
• C)Firms aware of the potential gain from free trade
• D)Foreign producers buying quota rights to sell goods in the domestic market
• E)Domestic producers importing raw materials for the production of manufactured goods

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Definitions:

Strategy Maps

Visual tools used to communicate the company's strategic objectives and the actions needed to achieve them.

Customer

An individual or business that purchases goods or services produced by a company.

Performance Perspectives

Various angles or aspects from which organizational performance is analyzed and measured, such as financial, customer, operational, and learning and growth perspectives.

Internal Processes

Systems, procedures, and workflows within an organization designed to support its operations, improve efficiency, and meet business objectives.