The Argument That Foreign Trade Should Be Restricted to Protect

question 86

Multiple Choice

The argument that foreign trade should be restricted to protect domestic employment and output is based on the idea that:

• A) consumers are willing to pay higher prices for domestic goods.
• B) producers will not exploit reduced foreign competition by charging higher prices.
• C) foreign companies are more costly to deal with than domestic companies.
• D) sales of imports come at the expense of domestic goods and jobs.

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Definitions:

Dealer Markets

Markets where dealers, who act as principals, buy and sell securities for their own accounts, providing liquidity and pricing to the market.

Direct Search Markets

Markets where buyers and sellers seek each other out directly without the intervention of intermediaries or centralized platforms.

Primary Market

The market where new securities are issued and sold for the first time, directly from the issuer to investors.

Computer Algorithms

Step-by-step procedural instructions used for data processing and automated reasoning, often utilized in trading and investment decision-making processes.