It Is Better to Protect an Infant Industry with a _______

question 123

Multiple Choice

It is better to protect an infant industry with a _______ than a ________.

• A) voluntary export restraint; quota
• B) voluntary export restraint; tariff
• C) tariff; quota
• D) quota; tariff

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Definitions:

Probate-Avoiding Devices

Legal strategies or tools used to transfer assets upon death without going through the probate court process.

Will

A legal document, not valid until the testator’s death, expressing the testator’s intent in the distribution of all real and personal property.

Unsecured Loans

Loans granted without requiring collateral from the borrower.

Audit Opinion

An audit opinion is a statement provided by an auditor that expresses a conclusion about the reliability and fairness of a company's financial statements.