Which of the Following Is NOT an Argument Against Protective

question 35

Multiple Choice

Which of the following is NOT an argument against protective tariffs?

• A) restricting international trade robs us of part of its benefits
• B) free admission of imports is one of the most effective ways of expanding the foreign markets of home industries
• C) when one country institutes tariffs, it is likely that other countries will follow
• D) a tariff that keeps out foreign goods increases the market for U.S. goods

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Definitions:

Compounded Quarterly

Refers to the process of calculating interest on both the initial principal and the accumulated interest from previous periods on a quarterly basis.

Compounded Semi-Annually

Interest that is computed and added to the principal twice a year, allowing the investment to grow more rapidly.

Future Value

The value of a current asset at a specified date in the future based on an assumed rate of growth.

Deposits

Money placed into a financial institution for safekeeping, which may earn interest over time.