Author Question: A sole proprietorship is the easiest type of business to start. Indicate whether the statement is ... (Read 53 times)

cherise1989 · **on:** Jun 24, 2018

A sole proprietorship is the easiest type of business to start.

Indicate whether the statement is true or false

Question 2

Describe four different trade barriers a country can use to protect domestic businesses from foreign competition.

nekcihc358 · **Reply #1 on:** Jun 24, 2018

Answer to Question 1

T

Answer to Question 2

Answers should include the following:
(1) Tariffs or duties are a tax on imported goods.
(2) Quotas limited the quantity of specified products than can be imported.
(3) Boycotts can restrict the import of certain products from certain countries.
(4) Licensing requirements can control imports by limiting companies that can obtain an import license.