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  • The term protectionism, when applied to international trade, refers to ________. #341
  • Why should managers have an understanding of trade protectionism? #342
  • Managers should understand the effect of trade protectionism because ________. #343
  • Assume a government is considering import restrictions on sugar because sugar imports are hurting the domestic industry. Which of the following groups is LEAST likely to speak out on the subject? #344
  • Assume a government places restrictions on a specific product from a specific foreign country. What would be the government's most likely concern about the foreign country's response? #345
  • What is the most likely reason that consumers rarely protest import restrictions that raise the prices they pay for a specific product? #346
  • Unemployed workers are most apt to form a pressure group to support ________. #347
  • Imports can stimulate exports by ________. #348
  • Most of the world's goods and services are sold ________. #349
  • All of the following are generally true about trade-displaced workers EXCEPT that they ________. #350
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