What is protection as it refers to international trade? What ...

[EY67]

What is protection as it refers to international trade?
 
  What will be an ideal response?

Question 2

Apple's decision in 2002 to focus on developing a smartphone rather than a tablet computer exemplifies the
 
  A) refusal of firms to invest in more than one project where unlimited resources are involved.
  B) trade-off that firms face due to limited resources.
  C) refusal of firms to invest in more than one project where limited resources are involved.
  D) trade-off that firms face due to unlimited resources.

[Yixagurpuldink]

Answer to Question 1

Protection is the practice of shielding a sector of the economy from foreign competition.

Answer to Question 2

B