When a Country Establishes Artificial Barriers Such as Quotas and Tariffs

question 60

Multiple Choice

When a country establishes artificial barriers such as quotas and tariffs, it is engaging in which of the following?

• A) protectionism
• B) free trade
• C) managed trade
• D) nationalism

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Definitions:

Mean

The average of a set of numbers, calculated by adding all the numbers together and dividing by the count of the numbers.

Sample Data

A subset of data selected from a larger population, used for statistical analysis.

Geometric Mean

The nth root of the product of n numbers, used to calculate average rates of return or growth over time.

Closing Stock Price

The final price at which a stock is traded during a trading session on a stock exchange.