Trade Restrictions Tend to Make Domestic Products

question 74

Multiple Choice

Trade restrictions tend to make domestic products

• A) cheaper because they do not have to compete with foreign goods.
• B) cheaper because they do have to compete with foreign goods.
• C) more expensive because they have to compete with foreign goods.
• D) more expensive because they do not have to compete with foreign goods.

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Definitions:

Maslow's Hierarchy

A psychological theory proposed by Abraham Maslow that categorizes human needs into a five-tier model in the shape of a pyramid, starting from basic physiological needs to self-actualization at the top.

McClelland

David McClelland, a psychologist known for his work on motivation and the theory of Needs, including Achievement, Affiliation, and Power.

Achievement Needs

The desire or motivation of an individual to achieve excellence, accomplish challenging goals, and advance personally or professionally.

Moderately Difficult

Characterized by a level of challenge that is neither too easy nor too hard, requiring a fair amount of effort to overcome.