Which of the Following Is NOT One of the Four

question 45

Multiple Choice

Which of the following is NOT one of the four main reasons given for the persistence of trade barriers?

• A) national security
• B) protection of infant industries
• C) retaliation for dumping
• D) favors to special interests
• E) scarcity of natural resources

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Definitions:

Credits

Accounting entries that increase liabilities or equity or decrease assets, reflecting the sources of funding or income.

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account columns to check the accuracy of financial recordings.

Journal Entries

Records of financial transactions entered into an accounting system, ensuring that the debits equal the credits in financial accounting records.

Cash

Liquid assets held by an individual or company, which include currency and demand deposits readily available for transactions.