The Practice of Shielding One or More Sectors of a Country's

question 228

Multiple Choice

The practice of shielding one or more sectors of a country's economy from foreign competition through the use of tariffs or quotas is referred to as

• A) domestic imperialism.
• B) protectionism.
• C) blocked competition.
• D) import taxation.
• E) trade restriction.

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Definitions:

Par Common Stock

The face value of a share of common stock as specified in the corporate charter.

Purchase Price

The total cost incurred to acquire an asset, including the price of the asset itself along with any additional costs necessary to bring the asset to a usable state.

Treasury Stock

Stock that has been bought back by the issuing company, reducing the amount of outstanding stock on the open market.

Sold for Less

A situation where the selling price of goods or services is less than their cost or original value.