Which of the Following Is the Most Accurate Statement

question 40

Multiple Choice

Which of the following is the most accurate statement?

• A)Protection is necessary in order for young industries to grow up and be successful.
• B)Protection is not necessary for an industry to grow.
• C)Protection is necessary because if young industries are not protected,they may suffer losses.
• D)Protection may not always be necessary for infant industries,but it has proven to be useful in most cases.

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Definitions:

Loss Carry-Forward

Using a year’s capital losses to offset capital gains of future years.

Lease Payments

Periodic payments from a lessee to a lessor in exchange for the use of an asset for a set duration.

Tax Benefit

A deduction, credit, or exemption that reduces taxable income or tax liability, provided to incentivize certain activities or investments.

Operating Lease

A lease agreement for the use of an asset without ownership, typically with shorter terms than a finance lease.