Systems of Beliefs,values and Opinions Based on Underlying Assumptions About

question 22

Multiple Choice

Systems of beliefs,values and opinions based on underlying assumptions about the way the world should be are known as ________.

• A) biases
• B) theoretical models
• C) ideologies
• D) cultures

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Definitions:

General Agreement on Tariffs and Trade

An international treaty created to reduce trade barriers and promote international commerce through the reduction of tariffs and quotas.

Free Trade

Cross-border commerce without the imposition of tariffs, quotas, or any restrictions, allowed to unfold naturally.

Trade Restrictions

Measures implemented by governments to control the flow of goods and services across borders, which may include tariffs, quotas, and embargoes.

Domestic Producers

Domestic producers are companies that manufacture goods or provide services within their own country, often competing with imported products.