Many Economists ________ Protectionism Because It ________ Consumers and ________

question 140

Multiple Choice

Many economists ________ protectionism because it ________ consumers and ________ jobs in domestic industries that use protected products.

• A)support; benefits; creates
• B)criticize; causes losses to; eliminates
• C)support; lowers prices for; raises wages for
• D)criticize; unfairly rewards; relocates

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Definitions:

Unaudited

Referring to financial statements or accounts that have not undergone formal examination and verification by an auditor.

Financial Statement

Documents that provide an overview of a company's financial condition, including balance sheets, income statements, and cash flow statements.

Reasonably Foreseeable Users Test

A legal standard used to determine whether the information provided by a business can reasonably be expected to reach a particular group of users.

Breach of Duty

Occurs when an individual or entity fails to fulfill their obligations or standards of care required by law or contract.