Which of the Following Is a Reason for the Pressure

question 26

Multiple Choice

Which of the following is a reason for the pressure for greater protectionism that occurred during the 1980s and early 1990s?

• A) The U.S. Congress erected an enormous wall of tariff barriers.
• B) Japanese economic failure strained the world trading system.
• C) The persistent trade surplus in the United States strained the world trading system.
• D) Many countries found ways to get around GATT regulations.

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Definitions:

Operating Income

Revenue from business operations after deducting operating expenses, but before interest and taxes.

Cost Method

An accounting method used to value certain investments at their original purchase cost, without adjusting for market fluctuations.

Recognizes Dividends

The process by which a company records the payment of dividends to its shareholders in its financial statements.

Reported Net Income

The net income that a company reports in its financial statements, which represents the company's total earnings after expenses, taxes, and costs are subtracted from total revenue.