Which of the Following Are Valid Reasons Advanced by Almost

question 67

Multiple Choice

Which of the following are valid reasons advanced by almost all economists? Protection

• A)saves jobs.
• B)prevents rich countries from exploiting developing countries.
• C)is a good way for governments in developed nations to raise revenue.
• D)penalizes lax environmental standards.
• E)Economists would not support any of the above reasons.

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Definitions:

Void

A term describing a contract or legal agreement that is invalid or legally unenforceable from its inception.

Restrict Competition

Practices or policies that limit competition in the marketplace, often scrutinized and regulated by antitrust laws.

Breach of Contract

An occurrence when one party fails to fulfill their obligations under a contract.

Goodwill

A business’s reputation and ongoing relations with customers and product identification.