When a glove manufacturer in China is allowed to sell only a certain number of plastic gloves to Japan, that firm is facing a(n)
A. tariff.
B. embargo.
C. restrictive product standard.
D. quota.
E. balance of trade restriction.
Answer: D
You might also like to view...
The purpose of an audit is to
a. determine whether or not a company is a good investment b. render an opinion on the fairness of the statements c. determine whether or not a company complies with corporate social responsibility d. determine whether or not a company is a good credit risk
When a message meets the audience's needs and gets the point across, it is considered to be what?
A) Timely B) Effective C) Efficient D) Detailed E) Verbal
Explain how a firm benefits from using sense-of-mission marketing
What will be an ideal response?
The hypocrisy of the open shop movement was that:
A. Employers wanted businesses to be open to all consumers but closed to unions. B. Employers painted collective action of workers as an infringement upon individual liberty while they themselves acted collectively to prevent unionization. C. Unions said they were there to represent all workers but actually they only represented those that belonged to the union. D. Courts were willing to issue injunctions against unions who went out on strike.