Trade Barriers That Restrict Imports from Developing Countries Tend to Be

question 129

Multiple Choice

Trade barriers that restrict imports from developing countries tend to be:

• A) Highest in the capital goods and technology sectors of those economies
• B) Lowest in the labor-intensive manufacturing sectors of those economies
• C) Lowest for those products in which DVCs have a comparative advantage
• D) Highest for those products in which DVCs have a comparative advantage

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Definitions:

Line Units

Are workgroups that conduct the major business of the organization.

Accounting

The systematic recording, analyzing, and reporting of financial transactions pertaining to a business.

Unity of Command

This principle asserts that each employee should receive orders from only one superior to avoid confusion and conflicts in command.

Hierarchically Connected

Organized or structured in a way that entities are ranked one above the other according to status or authority.