Under a Protectionist Policy of Importing and Exporting Goods, the United

question 46

Multiple Choice

Under a protectionist policy of importing and exporting goods, the United States would:

• A) strengthen the value of the U.S. dollar.
• B) use federal law enforcement officials to ensure national security as products enter the country.
• C) use federal regulatory agencies to secure the safety of imported goods such as food.
• D) decrease the number of imports by implementing trade sanctions, tariffs, and quotas.
• E) protect consumers from price gouging by producers of foreign imported goods.

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Definitions:

Adequacy Of Consideration

Evaluation of whether the value exchanged in a contract is fair and sufficient, although the law often requires only some value to be exchanged.

Electronic Commerce Legislation

Laws and regulations that govern online business transactions.

Internet Transactions

Deals or agreements made or executed over the internet involving goods, services, or digital products.

Electronic Contracts

Legal agreements that are created, signed, or stored in digital form, often involving transactions or terms agreed upon through electronic means.