Advocates of Trade Barriers Suggest That the Barriers Are Needed

question 175

Multiple Choice

Advocates of trade barriers suggest that the barriers are needed for national security,job creation,and to:

• A)protect producers who are just starting out so that they can become more established.
• B)eliminate the need for governments to become involved in the trade discussions.
• C)enhance the comparative advantage nature of trade.
• D)increase tariff revenue for government.

---

Definitions:

Salvage Value

The calculated resale worth of an asset at the close of its efficient lifespan.

Depreciation

The allocation process of a tangible asset's cost over the period it is useful.

Double-Declining-Balance

A method of accelerated depreciation which doubles the normal depreciation rate, reducing the value of an asset more quickly in its early years.

Salvage Value

The predicted residual value of an asset upon reaching the end of its practical lifespan.