The _____ Is a Protectionist Argument That Says the U

question 4

Multiple Choice

The _____ is a protectionist argument that says the U.S.should use tariffs to keep foreign labor from taking away U.S.jobs.

• A)statement of job security
• B)job-protection argument
• C)minimum-job employment agreement
• D)job equity principle
• E)home protection agreement

---

Definitions:

Break-even Point

The point at which total costs equal total revenues, indicating that a business is neither making a profit nor a loss.

Fixed Costs

Costs that do not change in total with changes in activity level over a relevant range, such as rents, salaries, and insurance premiums.

Break-even Sales

The amount of revenue needed to cover all fixed and variable costs, resulting in zero profit or loss.

Fixed Costs

Expenses that do not change with the level of goods or services produced by a business.