President Bill Clinton attempted to protect American firms from foreign competition by placing a government tax on Japanese automobiles imported to the United States. President Clinton's goal was to raise the price on Japanese imports, thereby encouraging American consumers to purchase American-made automobiles. The tax the President threatened to impose is an example of a ________.
A. boycott
B. sanction
C. tariff
D. subsidy
E. quota
Answer: C
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Cycle Sales Company offers warranties on all their bikes. They estimate warranty expense at 3.5% of sales. At the beginning of 2019, the Estimated Warranty Payable account had a credit balance of $1400. During the year, Cycle Sales had $299,000 in sales and had to pay out $5900 in warranty payments. How much Warranty Expense will be reported on the 2019 income statement?
A) $5965 B) $7300 C) $9065 D) $10,465
The Web which can help you find fascinating information can help you waste vast amounts of time
a. a set of commas b. a set of colons c. either of the above
Which of the following jobs can cause high levels of stress?
A) Jobs with great responsibility and little autonomy B) Jobs with little responsibility and little autonomy C) Jobs with great responsibility and great autonomy D) Jobs with little responsibility and great autonomy
A "continued on" or "continued from" notice is added from the Format Text Box
Indicate whether the statement is true or false