Any Measure Imposed by a Government to Favor Domestic Products

question 89

Multiple Choice

Any measure imposed by a government to favor domestic products over foreign products not involving taxes is a(n)

• A) import duty.
• B) nonmonetary restriction.
• C) embargo.
• D) restriction of trade.
• E) nontariff barrier.

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Definitions:

Anticipate Problems

The ability to foresee potential issues or obstacles in advance and prepare to address them.

Results-Driven

A focus or strategy that emphasizes achieving specific outcomes or goals, often within a particular time frame.

Setting Objectives

The act of defining clear, measurable goals that an organization or individual plans to achieve within a specific timeframe.

Determine

To decisively ascertain or conclude information from evidence or reasoning.