It Is Often Argued That If Foreign Goods Are Kept

question 90

Multiple Choice

It is often argued that if foreign goods are kept out of the domestic economy:

• A)jobs will be lost at home.
• B)jobs will be created abroad.
• C)foreign consumers will enjoy product surpluses.
• D)jobs will be created at home.
• E)foreign consumers will suffer product shortages.

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Definitions:

Liquidation Expenses

Costs associated with distributing or selling off a company's assets during the closure or bankruptcy process.

Noncash Assets

Assets owned by a firm that are not in the form of cash or cash equivalents, such as buildings, equipment, and patents.

Forthcoming Contribution

Anticipated contributions or investments expected to be received or made in the near future.

Capital Account Balances

The record of the financial transactions regarding national assets and liabilities over a period, or the equity and loan accounts of a business.