A Business Which Contends That It Needs Temporary Protection So

question 95

Multiple Choice

A business which contends that it needs temporary protection so that it can expand significantly and thereby reduce its costs so as to enable it to compete with foreign producers is using an argument known as the

• A)infant- industry case for tariffs.
• B)price fluctuations case for tariffs.
• C)monopolistic competition case for tariffs.
• D)strategic case for tariffs.
• E)social advantages case for tariffs.

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Definitions:

Total Liabilities

The sum of all monetary obligations a company owes to external parties, such as loans, accounts payable, and mortgages.

Owner's Equity

Represents the residual interest in the assets of a business after deducting liabilities, essentially the net worth belonging to the owners.

Total Assets

Represent the sum of all assets a company owns, including cash, inventory, property, and equipment, among others, showing the total value of what the company controls.

Period Of Time

A duration in which activities, processes, or conditions exist or take place.