One of the Costs of Protectionism Is

question 66

Multiple Choice

One of the costs of protectionism is:

• A) increases in total national output.
• B) a reduction in the variety of goods in domestic markets.
• C) greater competition.
• D) lower opportunity costs of domestic production.

Identify and use appropriate coherence techniques in report writing.

Know the function and proper use of preliminary parts in a formal report.

Understand the role and composition of the addenda in a report.

Recognize and apply effective report writing practices, including the use of headings, transitions, and executive summaries.

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Definitions:

First National Bank

A commonly used name for banks in various countries, typically indicating it was the first bank chartered under national laws.

Deposit Slip

A document that accompanies bank deposits, detailing the amount of cash and/or checks being deposited.

Currency

A system of money in general use in a particular country.

Check Register

A record of all checks written, deposits made, and charges or credits to a bank account.