Protectionism Refers to

question 141

Multiple Choice

Protectionism refers to

• A)the practice of purchasing products exclusively from a domestic market in order to shore up a nation's economy.
• B)the use of tariffs, quotas, and boycotts with the express intention of putting foreign competitors out of business.
• C)the practice of shielding one or more sectors of a country's economy from foreign competition through the use of tariffs or quotas.
• D)a form of domestic imperialism that holds that only those products manufactured within one's home nation are of sufficient quality to warrant purchase.
• E)the practice of purchasing products exclusively from a foreign developing country in order to develop its industries and economic infrastructure

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Definitions:

Problem Solvers

Individuals or entities skilled at identifying, analyzing, and finding solutions to complex or straightforward issues.

Expert Systems

Allow computers to mimic the thinking of human experts for applied problem‐solving.

Artificial Intelligence

The simulation of human intelligence processes by machines, especially computer systems, including learning, reasoning, and self-correction.

Highly Skilled

Highly skilled describes individuals who possess a high level of expertise, competencies, and experience in a particular field or profession.