Governments Use ________ to Boost Exports and Restrict Imports

question 18

Multiple Choice

Governments use ________ to boost exports and restrict imports.

• A) subsidies
• B) local content requirements
• C) administrative trade policies
• D) formal instruments of trade policy

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Definitions:

Groupthink

A behavioral pattern observed in groups where the need for consensus or compliance leads to unwise or ineffective decision-making results.

Lack Of Teamwork

The absence or deficiency of collaboration and cooperative effort among a group working towards common goals.

Dangerous Environment

A situation or setting that poses potential risks to physical, psychological, or well-being safety.

Interpersonal Distance

The physical or psychological space between individuals during interactions, influenced by cultural norms, personal preferences, and the nature of the relationship.