Which of the Following Issues Raises a Question About the Ethics

question 5

Multiple Choice

Which of the following issues raises a question about the ethics of protectionism?

• A)Competitive advantage grows out of continuous improvement.
• B)Small firms succeed in foreign niche markets.
• C)Tariffs have declined from an average of 40 percent to less than 5 percent.
• D)Regional trade agreements provide preferential treatment for member nations.

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Definitions:

U.S. Senate

One of the two chambers of the United States Congress, comprised of elected representatives from each state, responsible for making federal laws, approving treaties, and conducting impeachment trials.

Labor Force

The total number of people, both employed and unemployed, actively seeking work in a specified economic area.

Agriculture

The science, art, and business of cultivating soil, producing crops, and raising livestock; it is a fundamental component of the economy and food supply.

Legal System

A comprehensive system for interpreting and enforcing laws within a given jurisdiction.