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Which of the following issues raises concerns about the ethics of protectionism?
A) Competitive advantage grows out of continuous improvement.
B) Small firms often succeed in foreign niche markets.
C) Tariffs have declined from an average of 40 percent to less than 5 percent.
D) Regional trade agreements may provide preferential treatment for member nations.
E) Pan-European marketing strategies are possible due to greater uniformity in packaging standards.
Ethics of Protectionism
The moral principles governing policies designed to restrict international trade to protect local industries from foreign competition.
Competitive Advantage
The attribute that allows an organization to outperform its competitors, including cost structure, product offerings, brand reputation, and customer loyalty.
Tariffs
Taxes imposed on imported goods, which can affect international trade by increasing the cost of goods and services.
- Assess the moral implications and debates surrounding the support and opposition of protectionism.
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Learning Objectives
- Assess the moral implications and debates surrounding the support and opposition of protectionism.
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