One Reason Why There May Be a Bias Against Free

question 111

Multiple Choice

One reason why there may be a bias against free trade is that

• A)transportation costs are too high
• B)absolute advantage may outweigh comparative advantage
• C)those who benefit from trade have little incentive to lobby for it
• D)the terms of trade may be too high
• E)people prefer importing to exporting

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Definitions:

Average Daily Receipts

The average amount of cash generated through sales or services rendered on a daily basis.

Customers

Individuals or businesses that purchase goods or services from a company.

Collection Delay

The time lag between when a payment is made by a buyer and when the funds become available to the seller.

Average Daily Float

Indicates the average amount of un-cleared checks or unprocessed transactions in a company's bank account over a certain period, impacting the available balance.