Which of the Following Is an Example of a Trade

question 91

Multiple Choice

Which of the following is an example of a trade restriction?

• A)Japan places a tax on all Korean automobiles.
• B)Domestic wine is more expensive than wine imported from Chile.
• C)The United States,Canada,and Mexico sign the NAFTA agreement.
• D)Consumers prefer German beer to domestic beer.

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Definitions:

Value Orientation

involves the principles and beliefs that individuals consider important, guiding their behavior and decisions.

Traditional Values

Beliefs and moral codes that are passed down from generation to generation within a culture or society.

Minimum Sufficiency

The lowest level of effort or input required to achieve a desired outcome or effect.