" (Working with the income statement) At the end of its third year of operations, the Sandifer Manufacturing Co. had $ 4 comma 597 comma 000 in revenues, $ 3 comma 399 comma 000 in cost of goods sold, $ 448 comma 000 in operating expenses which included depreciation expense of $ 157 comma 000, and a tax liability equal to 34 percent of the firm's taxable income. What is the net income of the firm for the year?"

Which of the following best explains the purpose of protectionist trade policies such as tariffs and subsidies? a. they make sure that governments have enough money to pay for fiscal policies. b. they give foreign competitors access to new markets around the world. c. they allow producers to sell their products more cheaply than foreign competitors. d. they enable producers to purchase productive resources from everywhere in the world.