Which of the Following Is Not an Argument to Support

question 215

Multiple Choice

Which of the following is not an argument to support international trade

• A) trade can be a powerful antimonopoly tool
• B) trade is a way to take advantage of economies of large scale production
• C) trade is a method of transferring knowledge and information
• D) trade is a method of achieving income equality across sectors of an economy

---

Definitions:

Sales Returns and Allowances

A reduction in the amount of sales that accounts for the return of goods by customers and allowances for unsatisfied goods or services.

Purchases Discount

An accounting reduction in the price paid for goods or services if payment is made within a specified period.

Unearned Revenue

A liability account that records amount owed for goods or services in advance of delivery. The Cash account would record the receipt of cash.

Adjusting Entry

A journal entry made at the end of an accounting period to allocate income and expenditure to the appropriate period.