Answer: Public Expenditure.
Explanation: The authorization of public expenditure is the accounting operation that reflects the act, by virtue of which, the competent authority to manage an expense from a credit agrees to perform it, determining its amount in a certain way or as closely as possible, when it cannot be done in a certain way, reserving, for that purpose, all or part of the budgeted loan.
The protection of markets with excess labor refers to the erection of barriers to imports of products competing with local offerings in an effort to protect local jobs. This is found in the <u>"Arguments for Protectionism"</u> section.
<u>Explanation</u>:
Arguments for Protectionism were made to protect the national security value of the trade. The arguments for protectionism section comprise many protection measures. They are as follows:
i) Protection on markets with excess productive capacity
ii) Employment protection and protection of markets with excess labor
iii) Protection of consumers
iv) Infant industry arguments
v) National defense interests
Excess productive capacity in the markets can help in invoking the protection of local labor and preventing purchase from foreign countries.
one of the reason's why the colonist fought the British is because the colonists weren't being represented in the British parliament (government) and the king was imposing taxes and levies on the colonists. Have you ever heard the phase Taxation without Representation? I believe that was the major reason why they fought the British.
Hopefully this helps.
To learn how the past connects to the presents and effects the future
