Which of the Following Are Valid Reasons Advanced by Almost

question 71

Multiple Choice

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

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

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Definitions:

Physical Units

A measure of quantity used to count tangible items or products manufactured, stored, or sold by a business.

Process Cost System

An accounting method used to track production costs for products that are not distinguishable from one another, often used in manufacturing.

Department Report

A document or record detailing the performance, progress, or financial status of a specific department within an organization.

Work In Process Inventory

Refers to the value of materials and labor invested in products that are partially completed but not yet finished goods.