The Two Primary Reasons to Adopt Measures to Restrict Trade

question 44

Multiple Choice

The two primary reasons to adopt measures to restrict trade are that

• A)they help keep real wages high in the importing country, and they also permit small businesses to compete in international markets.
• B)they may help the importing country improve its educational system, and they keep high-technology products from being stolen by foreign competitors.
• C)they may help the importing country get better prices for its goods, and they protect certain industries from foreign competition.
• D)they may help advance the political goals of the nation, and they encourage productivity in domestic industries.

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Definitions:

Vision

The ability to think about or plan the future with imagination or wisdom; a mental image of what the future will or could be like.

Empowering

Giving someone the authority or power to do something, often leading to increased confidence and autonomy.

Shared Leadership

Shared leadership is a team management approach where leadership roles and responsibilities are distributed among team members, rather than centralized in a single leader, promoting collaboration and empowerment.

Self-Leadership

The practice of intentionally influencing your thinking, behaviors, and actions towards your objectives, embodying both self-management and self-motivation aspects.