Protectionist Policies

question 159

Multiple Choice

Protectionist policies:

• A) restrict the importation of foreign goods and services.
• B) shift the supply curves for the protected goods and services to the right in the country imposing the restriction.
• C) generally result in increased benefits in the long run in all countries.
• D) are no longer advocated by powerful interests.

---

Definitions:

Scientific Knowledge

Information and understanding acquired through the scientific method, including observation, experimentation, and analysis, contributing to the body of facts and principles.

Negligent Behavior

Actions or omissions by an individual which fall below the legally established standard of care expected to be observed and which cause harm or damage.

Theory Of Recovery

Legal principles that provide the basis on which a plaintiff can sue and obtain damages or other remedies in court.

Establishing Duty

The process of determining whether an individual or entity has a legal obligation or responsibility in a particular situation.