Economists Generally Dislike the Restriction of Trade Because It

question 58

Multiple Choice

Economists generally dislike the restriction of trade because it

• A) encourages inefficiency.
• B) does not really save jobs in the short run despite its costs.
• C) is too difficult and costly to enforce.
• D) reduces a nation's industrial diversification.
• E) discourages the growth of infant industries.

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Definitions:

Budgets

Financial plans that outline expected income and expenditures over a specific period, helping organizations or individuals manage their resources.

Guidelines

Official advice or information aimed at regulating behavior or procedures in specific situations or activities.

Measurement Strategy

A plan or approach to systematically gather, analyse, and interpret data to determine the effectiveness and impact of specific actions or campaigns, especially in marketing or social media contexts.

Collecting Data

The process of gathering and measuring information on variables of interest in a systematic fashion, enabling one to answer stated research questions, test hypotheses, and evaluate outcomes.