The Purpose of ______Is to Make Imports More Expensive for Domestic

question 67

Multiple Choice

The purpose of ______is to make imports more expensive for domestic buyers.

• A)exchange controls
• B)embargo
• C)dumping
• D)tariffs

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Definitions:

Bond Discount

The difference between the face value of a bond and the price for which it is sold, when the bond is sold for less than its face value.

Operating Activities

Operating activities relate to the primary, day-to-day activities of a business such as selling products, manufacturing, and expenses related to administration.

Net Income

The total profit of a company after all expenses and taxes have been deducted from total revenue.

Income Statement

A financial statement that shows a company's revenues, expenses, and net income over a specific period of time.