Which of the Following Is Part of the "Protectionist" Perspective

question 79

Multiple Choice

Which of the following is part of the "protectionist" perspective on international trade?

• A)Imports are responsible for crowding out domestic goods from the market and thereby reduce American jobs
• B)Trade restrictions are needed to protect key industries vital to national security
• C)Imports should be restricted to remedy the balance of trade deficit
• D)Both (a)and (c)
• E)All of the above

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Definitions:

Discount Period

The time frame between the start date of a sale and its expiration, during which goods or services are offered at reduced prices.

Purchase Allowances

A reduction in the purchase price, allowed by the seller to the buyer, often due to minor defects or quality issues in the goods.

Buyer Acquires

The process where a buyer takes possession or ownership of goods or property from a seller.

Quick Assets

Liquid assets that can be quickly converted into cash without significantly affecting their value, such as marketable securities and accounts receivable.