Which of the following is a result of the protection of domestic companies from international competition?
A) Consumers need to pay lesser for products.
B) There are increased incentives to cut production costs and improve quality.
C) Companies become more reliant on protection.
D) Protection increases a company's incentives to obtain the knowledge it needs to become more competitive.
Correct Answer:
Verified
Q81: What are voluntary export restraints and how
Q82: Explain how tariffs protect domestic producers,and describe
Q83: Explain why governments impose restrictions on free
Q84: One of the main goals of the
Q86: The Uruguay Round of Negotiations created the
Q88: Which of the following best describes the
Q91: The _ altered the U.S.trade policy from
Q92: In which of the following ways did
Q98: Which of the following is true regarding
Q100: A requirement that all WTO members extend
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents