Many of the World's Industrialized Countries Initially Developed Their Industries

question 90

Multiple Choice

Many of the world's industrialized countries initially developed their industries with heavy tariff protection. In Canada's case, this was the basis for

• A)reciprocity.
• B)the National Policy of 1876.
• C)the NAFTA.
• D)the National Energy Program of the 1980s.
• E)the Charlottetown Accord.

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Definitions:

Accounts Receivable

Money owed to a company by its customers for goods or services delivered on credit.

Revenue

The total amount of income generated by the sale of goods or services related to a company's primary operations.

Permanent Accounts

Accounts on the balance sheet that carry over their ending balances into the next financial period, such as assets, liabilities, and equity accounts.