New Click here to Enroll for SIDBI MSME Expert Class by ex-GM, SBI on Nov 24

    Register

    Question

    Which of the following issues raises a question about

    the ethics of protectionism?
    A Competitive advantage grows out of continuous improvement. Correct Answer Incorrect Answer
    B Small firms succeed in foreign niche markets Correct Answer Incorrect Answer
    C Tariffs have declined from an average of 40 percent to less than 5 percent. Correct Answer Incorrect Answer
    D Regional trade agreements provide preferential treatment for member nations. Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Protectionism, in its many forms, raises an interesting global ethical question: is protectionism, no matter how applied, an ethical practice? Of the statements above, the possibility of preferential treatment is most likely to suggest an ethical consideration.

    Practice Next