The Strategy to Promote Exports by Imposing Restrictions on Imports

question 88

Multiple Choice

The strategy to promote exports by imposing restrictions on imports is called:

• A)capitalism.
• B)protectionism.
• C)liberalization.
• D)mercantilism.
• E)free trade.

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Definitions:

Forecasting Labor Surplus

The process of predicting periods during which the number of employees exceeds the number needed by the organization.

Forecasting

The process of making predictions based on past and present data and analyzing trends to anticipate future outcomes.

Labor Shortages

A situation where the demand for workers exceeds the supply in a particular market or industry.

Surpluses

Instances in which supply exceeds demand, resulting in excess goods, services, or resources.