Protectionism Is the Use of ________ to Protect Domestic Firms

question 48

Multiple Choice

Protectionism is the use of ________ to protect domestic firms from foreign competition.

• A)military force
• B)trade barriers
• C)cheap labor
• D)dumping

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Definitions:

Routinization

The process of making an activity or task regular or habitual, often by establishing a standardized procedure or routine.

Weber

Refers to Max Weber, a German sociologist, philosopher, and political economist whose ideas profoundly influenced social theory and social research.

Bureaucratic Religious Organization

A formal structure governing a religious institution, characterized by a hierarchical chain of command and a set of defined rules and procedures.

Denomination

Midway on the continuum between church and sect, a denomination does not seek to distance itself from the world, is bureaucratically organized, and generally maintains a tolerant relationship with other denominations.