How do trade restrictions typically affect consumers?
What will be an ideal response?
Trade restrictions usually impact consumers through higher prices due to an imposition of tariffs or the elimination of foreign competition. Consumers are also impacted through reduced choice for product selection due to a lessened array of options.
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Answer the following statements true (T) or false (F)
The strongest evidence from capital market research concerns the information content of annual accounting earnings numbers.
The defense that a person was a minor when he or she signed a note is a(n)
a. real defense. b. invalid defense. c. personal defense. d. none of these.
New-product experts generally estimate that up to ________ percent of the more than 40,000 new consumable products introduced in the United States annually "don't succeed in the long run."
A. 94 B. 75 C. 33 D. 67 E. 50
The Zhao Estate generated distributable net income (DNI) this year of $100,000, one-fourth of which was tax-exempt interest, and the balance of which was long-term capital gain. Kyle Zhao, the sole income beneficiary of the estate, received a distribution of the entire $125,000 accounting income of the entity. How does Kyle report the distribution?
a. $75,000 long-term capital gain, $25,000 exempt interest. b. $50,000 long-term capital gain, $50,000 exempt interest. c. $75,000 long-term capital gain, $25,000 ordinary income. d. $93,750 long-term capital gain, $31,250 exempt interest.