Which of the Following Is True with Regard to Protectionism

question 4

Multiple Choice

Which of the following is true with regard to protectionism?

• A)It increases the availability of raw materials for domestic industries.
• B)It decreases the cost of products sold in the home market.
• C)It increases the availability of products sold in the home market.
• D)It can trigger retaliation from foreign governments, which reduces sales prospects for exports.

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Definitions:

Cash Flow

The total amount of money being transferred into and out of a business, especially affecting liquidity.

Personal Selling

A direct, one-on-one form of selling in which a salesperson uses skills and techniques to persuade a buyer to purchase a product or service.

Time

The ongoing sequence of events and the resource that can be managed, spent, saved, or wasted in activities or processes.

Extended Credit

A financial arrangement that allows a customer to purchase goods or services on account, paying for them at a later date.