Which of the Following Would Be Most Likely to Help

question 7

Multiple Choice

Which of the following would be most likely to help the residents of a nation produce a larger output and consume a wide variety of products at economical prices?

• A)imposition of tariffs on imported goods
• B)quotas that protect domestic businesses against foreign producers that pay workers low wages
• C)free trade
• D)exchange rate controls

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Definitions:

Unconscionable

Refers to something not right or fair, often in a legal context to describe terms that are excessively unfair to one party.

Benefits

Various forms of value, such as medical insurance, retirement plans, or paid leave, provided to employees in addition to wages or salaries.

Agreement

A meeting of two or more minds in regard to the terms of a contract; usually broken down into two events—an offer by one party to form a contract, and an acceptance of the offer by the person to whom the offer is made.

Illegal Contract

A contract that is void and unenforceable from the outset because it involves activities that are against the law or public policy.