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If Politicians Decide to Proceed with Protection,why Might Economists Prefer

question 34

Essay

If politicians decide to proceed with protection,why might economists prefer tariffs to quotas? Explain at least three reasons.


Definitions:

Return on Total Assets

A financial ratio that measures a company's profitability in relation to its total assets, indicating how effectively a company uses its assets to generate profit.

Semiannual Interest Payment

A finance term referring to the practice of making interest payments twice a year on a loan or bond.

Bonds

Debt instruments signifying an investment made by an investor in the form of a loan to either a corporation or a government entity.

Journal Entries

Records of financial transactions in the books of accounts, acting as the primary source for all accounting processes.

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