Which of the Following Refers to a Situation Where a Government

question 22

Multiple Choice

Which of the following refers to a situation where a government does not attempt to influence through quotas or duties what its citizens can buy from another country?

• A) Economic patriotism
• B) Protectionism
• C) Free trade
• D) Offshoring

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Definitions:

Corporate Citizenship

The social responsibility of a company to its environment and community, involving efforts to contribute positively to societal goals.

Profits

The financial gain obtained when revenues generated from business activities exceed the expenses, costs, and taxes associated with sustaining the business.

Dividends

Payments made by a corporation to its shareholders from its profits.

Codes of Conduct

Written guidelines that outline the expected ethical behaviors and norms for individuals within an organization or profession.