Economists Would Tend to Accept Which of the Following Arguments

question 17

Multiple Choice

Economists would tend to accept which of the following arguments in favour of tariffs?

• A)Tariffs are needed to avoid exporting jobs.
• B)Tariffs are needed to limit imports and reduce the capital flow from the country.
• C)Tariffs help to reduce inflation by reducing the price of domestic products.
• D)Temporary tariff protection in some situations may help to generate an eventual comparative advantage in that product.
• E)Tariffs will stimulate the domestic economy.

Develop skills in preparing a cash budget and managing cash flow, including estimating cash receipts and disbursements.

Understand the principles of cost estimation and the influence of variable and fixed costs on the total cost of production.

Grasp the relationship between sales, production, direct material, direct labor, and overhead costs in budget preparation.

Analyze budgeted financial statements to identify potential cash shortages and the need for external financing.

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Definitions:

Losing Homework

Refers to the situation where students misplace or fail to submit their homework, potentially affecting their academic performance.

Conflict

A disagreement or clash between individuals or groups due to differing views, values, or interests.

Sleeping Habits

Patterns or routines related to sleep, including duration, quality, and consistency, that can affect overall health and well-being.

Physiological Effect

The physical responses or changes within the body that occur due to certain stimuli or activities.