Which of the Following Is Not a Problem with Trade

question 88

Multiple Choice

Which of the following is not a problem with trade restrictions?

• A)the high cost of rent-seeking activities such as lobbying
• B)the high cost of enforcement
• C)the unintended effects on related industries
• D)the inability to save U.S.jobs in the short run in industries that compete with imports
• E)the possibility of retaliation

---

Definitions:

IFRS

International Financial Reporting Standards - a set of accounting standards developed by the International Accounting Standards Board that is used globally.

Intangibles

Assets that cannot be touched or physically measured, such as patents, copyrights, and trademarks.

Amortized

The process of gradually writing off the initial cost of an asset over a period, thereby reducing its book value on a company's balance sheet.

Expensed

Expensed items refer to costs that are charged against revenue in the current accounting period instead of being capitalized or recorded as an asset.