Obstacles That Restrict Trade, Either Domestic or International, Will

question 74

Multiple Choice

Obstacles that restrict trade, either domestic or international, will

• A) reduce output, income, and the general living standard of the populace.
• B) help people achieve higher income levels.
• C) help promote high rates of economic growth.
• D) encourage domestic business firms to expand output so they can achieve larger gains from the adoption of mass production techniques.

---

Definitions:

Tort

A civil wrong or injury, other than breach of contract, for which the court will provide a remedy in the form of an action for damages.

Breach

The violation or non-fulfillment of a contractual obligation, duty, or agreement.

Contract

A legally enforceable promise or set of promises.

Nuisance

That which endangers life or health, gives offense to the senses, violates the laws of decency, or obstructs the reasonable and comfortable use of property.