Which of the Following Is Not a Problem with Trade

question 88

Multiple Choice

Which of the following is not a problem with trade restrictions?

• A)the high cost of rent-seeking activities such as lobbying
• B)the high cost of enforcement
• C)the unintended effects on related industries
• D)the inability to save U.S.jobs in the short run in industries that compete with imports
• E)the possibility of retaliation

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Definitions:

BPR (Business Process Reengineering)

A strategy for making an organization's workflows more efficient and effective by radically rethinking and redesigning business processes.

BPI (Business Process Improvement)

A systematic approach to help an organization optimize its underlying processes to achieve more efficient results.

Operational Excellence

The philosophy of making continuous improvements in operations to enhance quality, efficiency, and customer satisfaction.

Mass Customization

A business strategy that combines the efficiency of mass production with the personalization aspects of custom-made goods or services.