When a government uses measures like tariffs and import quotas, it is called
A. ethnocentrism.
B. free trade.
C. a trade bloc.
D. an embargo.
E. trade protectionism.
E. trade protectionism.
Countries often use trade protectionism, which is the use of government regulations to limit the import of goods and services, to protect their domestic industries against foreign competition. Tariffs, embargoes, and import quotas are among the measures used in protectionism.
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Which balance sheet accounts are most affected by investing activities?
a. Current assets and current liabilities b. Long-term assets c. Long-term liabilities d. Stockholders' equity
Give an account of the Racketeer Influenced and Corrupt Organizations Act (RICO) in business law
What will be an ideal response?
The income statement shows earnings before taxes, which is equal to
A) operating income minus operating expenses. B) earnings before taxes minus taxes. C) operating income minus interest. D) net sales minus cost of goods sold. E) gross revenues minus returns and allowances.
The finance charges for a loan may include
A) fees for a credit check. B) required insurance fees. C) interest payments. D) only choices A and B. E) All of the above choices.