International Trade Is Restricted Because

question 14

Multiple Choice

International trade is restricted because

• A) there is an uneven distribution of benefits and costs of free trade.
• B) free trade creates an inefficient use of resources.
• C) free trade leads to higher costs.
• D) free trade stifles diversity and stability.

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Definitions:

Total Revenues

The overall financial income stemming from the commercial sale of goods or services integral to a business's main operations.

Accounting Equation

The foundational equation in accounting that states assets equal liabilities plus owner's equity.

Office Supplies

Consumable items used in an office setting, such as paper, pens, and staplers, necessary for completing office tasks and operations.

Weekly Salary

A fixed amount of money paid to an employee on a weekly basis as compensation for performed work.