The following, WITH ONE EXCEPTION, are ‘protectionist measures’ in international trade. Which is the exception()
A. Import quotas
B. Subsidies for exporters
Customs procedures
D. Tariffs
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Which of the following is NOT an element of fiscal policy()
A. Government spending
B. Government borrowing
C. Taxation
D. Exchange rates
In a free market economy, the price mechanism()
Aids government control
B. Allocates resources
C. Measures national wealth
D. Measures national wealth
If a government has a macro-economic policy objective of expanding the overall level of economic activity, which of the following measures would NOT be consistent with such an objective?A Increasing p
A. Increasing public expenditure
B. Lowering interest rates
C. Increasing taxation
D. Lowering interest rates
Which of the following is a SUPPORT activity in Porter’s value chain model()
A. Operations
B. Marketing and sales
C. Inbound logistics
D. Procurement