Which of the Following Is a Reason for the Success

question 161

Multiple Choice

Which of the following is a reason for the success that firms have in getting the government to erect barriers to foreign competition?

• A)The jobs lost to foreign competition are easy to identify but jobs created by foreign trade are often hard to identify.
• B)People who benefit from foreign trade tend not to vote in elections;people who are harmed by foreign trade are much more likely to vote.
• C)Firms that are harmed by trade barriers have less money to lobby government officials to eliminate the barriers than do firms that benefit from trade barriers.
• D)The costs from free trade are greater than the benefits.

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Definitions:

Interim Periods

Shorter reporting periods within a financial year, such as quarters or half-years, used for internal or external financial reporting.

Geographic Area

A specific physical region or location defined for the purposes of economic analysis, marketing, or operational strategy.

U.S. Company

A corporation that is registered and operates within the United States, adhering to the laws and regulations of the U.S. government and states in which it operates.

Inventory Procedures

The methods and processes used by a company to manage and account for its inventory.