Protectionism refers to
A. the use of tariffs, quotas, and boycotts with the express intention of putting foreign competitors out of business.
B. a form of domestic imperialism that holds that only those products manufactured within one's home nation are of sufficient quality to warrant purchase.
C. the practice of shielding one or more sectors of a country's economy from foreign competition through the use of tariffs or quotas.
D. the practice of purchasing products exclusively from a domestic market in order to shore up a nation's economy.
E. the practice of purchasing products exclusively from a foreign developing country in order to develop its industries and economic infrastructure.
Answer: C
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A bond is issued at premium ________.
A) when a bond's stated interest rate is equal to the market interest rate B) when a bond's stated interest rate is less than the effective interest rate C) when a bond's stated interest rate is less than the market interest rate D) when a bond's stated interest rate is higher than the market interest rate
Jerry is a person who is formally trained to help parties who are in conflict reach an acceptable solution. He does not actually make the decision, but he is a third-party neutral person. Jerry can best be called a(n) ______.
A. arbitrator B. facilitator C. conciliator D. mediator
Value engineering seeks to obtain increased
a. product life-cycle and reduced direct labor inputs. b. planning team membership and reduced time-to-market. c. product performance ratio and reduced substitute goods. d. product functionality and reduced costs.
Answer the following statements true (T) or false (F)
1. Examples of nonprofit business ventures are the retail stores operated by the Salvation Army. 2. Earning income from commercial ventures is easier than earning income from donations. 3. One step involved when creating a nonprofit business venture is to conduct a feasibility analysis. 4. A business plan is a document used for internal and external purposes. 5. One concern about earned-income strategies is they place limits on transparency due to contractual 6. Earned-income strategies may negatively impact the public’s perception of a nonprofit organization.