Most Economists Agree That Valid Reasons for Protecting Trade Include

question 144

Multiple Choice

Most economists agree that valid reasons for protecting trade include which of the following? I. The economies of scale argument
II) The saving jobs argument
III) The protection of high wages argument

• A) I only
• B) I and II
• C) I and III
• D) None of the reasons are valid.

---

Definitions:

Account Value

The total worth of a financial account, including cash, investment holdings, and any other assets minus liabilities.

Present Values

Present values represent the sum total of all future cash flows of an investment or project discounted back to their value today.

Future Values

The value of an asset or cash at a specified date in the future that is equivalent in value to a specified sum today, accounting for interest or capital gains.

Simple Interest

Interest computed solely on the initial sum of money, or on the remaining balance of the principal that is not yet paid off.