All of the Following Would Be Considered to Be Reasons

question 73

Multiple Choice

All of the following would be considered to be reasons for adopting an attitude of protectionism with respect to world trade EXCEPT:

• A) to protect political stability.
• B) protection of an infant industry.
• C) protection of a home market.
• D) the need to keep money at home.
• E) to encourage capital accumulation.

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Definitions:

Firm

A business organization, such as a corporation, partnership, or sole proprietorship, engaged in commercial, industrial, or professional activities.

Operating

The act of conducting business or maintaining functions within an organization or system.

Corporate Hierarchy

The arrangement of individuals within a corporation according to power, status, and job function, often visualized as a pyramid with the highest-ranking officer at the top.

CEOs

Chief Executive Officers, the highest-ranking individuals in a company, responsible for making major corporate decisions, managing operations, and communicating with the board of directors.