The Practice of Shielding One or More Sectors of a Country's

question 228

Multiple Choice

The practice of shielding one or more sectors of a country's economy from foreign competition through the use of tariffs or quotas is referred to as

• A) domestic imperialism.
• B) protectionism.
• C) blocked competition.
• D) import taxation.
• E) trade restriction.

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Definitions:

Operating Assets

Assets used in the day-to-day operations of a business, such as machinery, buildings, and equipment, that contribute to revenue generation.

Operating Costs

The expenses associated with the operation of a business, excluding costs associated with production.

Working Capital

The difference between a company’s current assets and current liabilities, indicating its short-term financial health and operational efficiency.

Net Present Value

A calculation used to assess the profitability of an investment, considering the present value of its future cash flows minus the initial investment.