An Argument Against Limiting Exports to Unfriendly Countries Is That

question 25

Multiple Choice

An argument against limiting exports to unfriendly countries is that ________.

• A)the costs of the sanctions are borne by innocent people rather than by leaders
• B)markets cannot be regained after the countries become friendly
• C)one country's essential product is superfluous to another
• D)the exporting nation's cultural identity is harmed

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Definitions:

Opportunity Costs

The price paid for not selecting the immediate alternative choice during decision-making.

Collection Float

The time period between when a check is deposited into a bank account and when the funds are available for use, affecting the cash flow of a business.

Net Float

The difference between checks written against a checking account and those that have been cleared by the bank.

Net Collection Float

The net collection float is the time difference between when a check is deposited into a bank account and when the funds become available for use, essentially measuring the delay in bank processing.