The Table Below Shows the Quantity Demanded (In Thousands) and Quantity

question 55

Multiple Choice

The table below shows the quantity demanded (in thousands) and quantity supplied (in thousands) of computers in the U.S. and Canada at different prices.Table 20.5

-Protection provided to the infant industries is rarely withdrawn because:

• A)the costs of withdrawing protection outweigh the benefits.
• B)the industries begin to experience diseconomies of scale.
• C)it leads to a loss of government revenue.
• D)the industries produce goods which are close substitutes of the imported goods.
• E)the larger and more successful the industry becomes, the more political power it wields.

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Definitions:

Fiscal Year-End

The end of a company's financial year, a critical date for accounting and financial reporting purposes.

Corporation

A legal entity that is separate and distinct from its owners, which can own assets, incur liabilities, and is taxed on its profits.

Dividends Received Deduction

A tax deduction that a corporation can claim for dividends received from other corporations within the same tax group.

Taxable Income

The portion of an individual's or entity's income used to determine how much tax is owed to the government in a given tax year.