Which of the Following Is Correct

question 22

Multiple Choice

Which of the following is correct?

• A) An increase in the tariff on foreign-produced automobiles will benefit U.S. consumers of domestic cars.
• B) An ongoing result of the North American Free Trade Agreement is that producers in both countries will benefit at the expense of consumers.
• C) The wages of U.S. workers would sharply decline if we traded freely with low-wage countries like India and China.
• D) Exports provide a nation with its primary source of purchasing power used to buy imported goods.

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Definitions:

Intangibles

Non-physical assets that cannot be seen, touched, or physically measured, such as patents, trademarks, and goodwill.

Middle Class

A socio-economic group between the working class and upper class, characterized by moderate income levels and stable employment.

Situation Analysis

An assessment process that examines an organization's internal and external environment to understand current conditions and identify future opportunities and threats.

Data

Factual information used as a basis for reasoning, discussion, or calculation; often numeric, it can be analyzed to inform decisions.