The following financial information was summarized from the accounting records of Globe Corporation for the current year ended December 31: Northern Southern Corporate Division Division Total Cost of goods sold $310,000 $175,000 Direct operating expenses 250,000 115,000 Net sales 600,000 410,000 Interest expense $12,000 General overhead 101,000 Income tax 26,700 The income from operations for the Southern Division is:

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.