What Are Some of the Primary Reasons That Countries Impose

question 16

Multiple Choice

What are some of the primary reasons that countries impose trade barriers?

• A)Revenue production and limitation of consumer choices
• B)Economic protection and safety
• C)Taxation and protection of industrial technology secrets
• D)Protection of domestic industries and retaliation against other countries

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Definitions:

Interest

The charge for borrowing money, calculated as a percentage of the principal amount.

Cash Dividends

Payments made by a company to its shareholders from its profits or reserves, typically in the form of cash.

Dividends Payable

liabilities representing the amount of dividends declared by a company's board but not yet paid to shareholders.

Accounts Payable

Money owed by a company to its creditors for goods and services that have been received but not yet paid for.