In some South American countries,it is sometimes legal to bribe other businesses and government officials,while this practice is illegal in the United States.Which of the following refers to this type of policy?
A) Protectionism
B) Business practice laws
C) Free trade agreements
D) Fair trade agreements
E) Local content laws

Question

Quizplus · Accepted Answer

This type of policy would fall under business practice laws, which are a set of regulations governing business conduct, such as anti-bribery laws. While these laws vary by country, bribery is considered illegal under US law. Protectionism refers to policies aimed at protecting domestic industries from foreign competition, and free/fair trade agreements and local content laws refer to trade-related policies.

In Some South American Countries,it Is Sometimes Legal to Bribe