Which of the Following Is False

question 25

Multiple Choice

Which of the following is False?

• A) The analysis of agriculture, textiles, and clothing in the EU, the United States, and Japan supports the proposition that older sectors of the economy are most protected, particularly in cases where the nation has lost a substantial part of its comparative advantage.
• B) Even when tariffs are relatively low, the cost per job saved tends to be high.
• C) Commercial policy is grossly inefficient at achieving the objective of job preservation.
• D) Trade barriers in high-income countries do not cause unintended consequences in low-income countries because most of their trade is with other industrialized countries.

Evaluate employee wages and salaries management in budgeting.

Grasp the concept of planning budget and its importance in financial forecasting.

Understand the concept of a static planning budget and its role in performance evaluation.

Determine and analyze spending variances in flexible budget performance reports.

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Definitions:

Grand Army

A large and powerful military force, especially one of historical significance such as Napoleon's Grande Armée during the Napoleonic Wars.

Foreign Conscripts

Individuals drafted into military service from another country, often without their consent, to serve in the armed forces of an adopting nation.

Louisiana Territory

A vast area of land in North America that was acquired by the United States from France in 1803, doubling the size of the young republic.

Colonialism

The policy or practice of acquiring full or partial political control over another country, occupying it with settlers, and exploiting it economically.