__________ Are the Oldest and Simplest Instrument of Trade Policy

question 115

Multiple Choice

__________ are the oldest and simplest instrument of trade policy.

• A) Subsidies
• B) Administrative policies
• C) Tariffs
• D) Voluntary export restraints
• E) Price discrimination

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Definitions:

Antitrust Regulators

Government authorities or agencies responsible for enforcing laws that prevent anticompetitive practices, monopolies, or other activities that restrict free competition.

Online Pricing Algorithms

Computer-based systems and software used by businesses to dynamically set or adjust prices of products and services online based on market demand, competition, and other factors.

Collusive Prices

Price levels that are set as a result of agreement among competitors in a market rather than through competition, which is often illegal.

Microsoft

A multinational technology company known for its software products, including the Windows operating system and the Office suite.