Which of the Following Are Valid Reasons Advanced by Almost

question 67

Multiple Choice

Which of the following are valid reasons advanced by almost all economists? Protection

• A)saves jobs.
• B)prevents rich countries from exploiting developing countries.
• C)is a good way for governments in developed nations to raise revenue.
• D)penalizes lax environmental standards.
• E)Economists would not support any of the above reasons.

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Definitions:

Necessities

Essential items and services required for basic human survival and well-being, such as food, water, shelter, and healthcare.

Federal Income Taxes

Taxes imposed by the government on the income of individuals, corporations, and other entities.

Consumer Confidence

is a measure of how optimistic or pessimistic consumers are about their financial prospects and the state of the economy, impacting their spending and saving behaviors.

Psychological Impact

The effect that an event, action, or circumstance has on the mental state or emotional wellbeing of an individual or group.