Using Trade Restrictions to Protect Special Interests Such as the U.S

question 98

Multiple Choice

Using trade restrictions to protect special interests such as the U.S. auto industry

• A) results in lower prices for U.S. auto consumers.
• B) raises the prices that U.S. consumers must pay for autos.
• C) is a very cost-efficient way of dealing with trade problems.
• D) is the best long-term solution for threatened U.S. jobs.

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Definitions:

Operations

The day-to-day activities involved in managing and running a business or organization efficiently.

Total Cost

The complete cost of producing or acquiring goods or services, including direct, indirect, fixed, and variable expenses.

Finance Company

A business that makes loans to individuals and companies, aside from banks and other traditional lenders.

Service Fee

A charge added to a customer's bill for the provision of services by a company or professional.