Which of the Following Issues Raises Concerns About the Ethics

question 113

Multiple Choice

Which of the following issues raises concerns about the ethics of protectionism?

• A)Competitive advantage grows out of continuous improvement.
• B)Small firms succeed in foreign niche markets.
• C)Tariffs have declined from an average of 40 percent to less than 5 percent.
• D)Regional trade agreements provide preferential treatment for member nations.
• E)Pan-European marketing strategies are possible due to greater uniformity in packaging standards.

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Definitions:

Commerce Clause

The Commerce Clause refers to a provision in the United States Constitution that grants Congress the power to regulate commerce with foreign nations, among the several states, and with the Indian tribes.

Civil Remedy

Legal means through which a court enforces a right, imposes a penalty, or makes another court order to impose its will.

Legal Drinking Age

The minimum age at which an individual is legally allowed to purchase and consume alcoholic beverages, which varies by jurisdiction.

Federal Funds

Central bank balances held by banks at the Federal Reserve which are available for lending to other banks overnight to meet reserve requirements.