Examlex
Which of the following is the best practical advice of the Beng people of the West African nation of Ivory Coast?
National Defense
The governmental actions, policies, and military measures taken to protect a country from external threats and ensure national security.
Trade Protection
Involves government policies and measures aimed at shielding domestic industries from foreign competition, using tools such as tariffs, quotas, and subsidies.
Fiscal Deficits
Happens when the expenses of a government surpass its income, not counting funds acquired through borrowing.
Opportunity Cost
The cost of forgoing the next best alternative when making a decision to pursue a certain action.
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