Identify the Incorrect Statement About Trade Barriers

question 53

Multiple Choice

Identify the incorrect statement about trade barriers.

• A)They raise the costs of exporting products to a country.
• B)They may put a firm at a competitive advantage to indigenous competitors.
• C)They may limit a firm's ability to serve a country from locations outside of that country.
• D)To conform to local content regulations,a firm may have to locate more production activities in a given market than it would otherwise.

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Definitions:

Attribution

A belief concerning why people behave in a certain way.

Fixation

In psychoanalytic theory, a persistent focus of the id's pleasure-seeking energies at an earlier stage of psychosexual development, leading to psychic conflict and developmental issues.

Emerging Adulthood

A phase of the life span between adolescence and full-fledged adulthood, typically ranging from the late teens through the twenties.

Optimistic Belief

The tendency to hold a positive outlook towards the future or the expectation of good outcomes.