The Table Below Shows the Quantity Demanded (In Thousands) and Quantity

question 37

Multiple Choice

The table below shows the quantity demanded (in thousands) and quantity supplied (in thousands) of computers in the U.S. and Canada at different prices.Table 20.5

-Developing countries often justify imposition of tariffs because:

• A)it creates a burden on government budget.
• B)it is easy to collect direct taxes from people in the developing countries.
• C)a large number of people in the developing countries earn a taxable income.
• D)developing countries find income taxes difficult to levy and collect.
• E)the volume of imports of these countries is considerably low.

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Definitions:

Reportable Segment Sales Revenue

The revenue generated from sales within a specific segment of a business that must be reported separately in financial statements according to accounting standards.

Consolidation Process

The procedure in financial accounting by which the financial statements of a parent company and its subsidiaries are combined to present as those of a single economic entity, adjusting for intragroup transactions and balances.

Segment Profit or Loss

It is the financial result (either profit or loss) generated by a specific segment or division within a company, separate from its overall results.

Disclosure

The process of providing vital information to shareholders and the public, often related to financial performance and operations.