Protectionism

question 111

Multiple Choice

Protectionism

• A)is the use of cheap labour to protect firms from paying high wages.
• B)is the use of trade barriers to protect domestic firms from foreign competition.
• C)refers to reductions in tariffs and other barriers that protect consumers from paying high prices.
• D)refers to the use of copyright and trademark laws to protect inventors and artists from losing the rights to their creative efforts.

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Definitions:

Authority

This is the legitimate power or right given to an individual or entity to make decisions, direct others, and enforce obedience.

Arthur Andersen

Arthur Andersen was once one of the Big Five accounting firms, known for its audit, tax, and consulting services until its involvement in corporate scandals, such as the Enron scandal, led to its downfall.

PRWeek

A leading trade publication in the field of public relations, offering news, analysis, and opinion to the PR and marketing professions.

Social Media

represents the websites and applications that enable users to create and share content or to participate in social networking, playing a crucial role in modern communication and marketing.