Intangible Assets Are

question 16

Multiple Choice

Intangible assets are

• A) listed under current assets on the balance sheet.
• B) not listed on the balance sheet because they do not have physical substance.
• C) listed as a separate category on the balance sheet.
• D) listed as a long-term investment on the balance sheet.

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Definitions:

Import Quotas

Government-imposed limits on the volume of specific goods that can be imported, aimed at protecting domestic producers by controlling market supply.

Globalization

The integration of national economies into a worldwide economy.

American Consumer

An individual in the United States who purchases goods and services for personal use.

Frederic Bastiat

A 19th-century French economist and writer known for his advocacy of free trade and his witty criticisms of protectionism and socialism.