Which of the Following Is True of Protectionist Measures

question 3

Multiple Choice

Which of the following is true of protectionist measures?

• A) It hinders the growth of domestic companies.
• B) WTO works in favor of these measures.
• C) These measures increase the volume of international trade.
• D) It involves reducing tariffs, quotas, and other types of restrictions.
• E) Embargo is an example of a protectionist measure a country can adopt.

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Definitions:

Chapter 13

A bankruptcy code provision allowing individuals with a regular income to develop a plan to repay all or part of their debts under court supervision.

Future Income

Expected earnings or revenue of an individual or entity in coming periods.

Full Payment

The complete settlement of an amount due, whether it be a debt, service fee, or purchase price.

Discharge

The act of fulfilling or settling an obligation or debt.