Estimates Based on the Assumption That Historical Data Can Be

question 82

Multiple Choice

Estimates based on the assumption that historical data can be used as a frame of reference for current estimates are:

• A)comparative estimates.
• B)ballpark estimates.
• C)definitive estimates.
• D)feasibility estimates.

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Definitions:

Protective Tariff

A tariff imposed on imports to protect domestic industries from foreign competition by making imported goods more expensive.

Domestic Producers

Companies or individuals within a country that manufacture goods or offer services domestically.

Per-unit Tariff

A type of tax imposed on each unit of imported goods, raising the cost of these goods to the importer.

Per-unit Revenue

The amount of income that is generated for each unit of goods or services sold.