If the US Government Imposes a Quota on Toy Imports, Then

question 18

Multiple Choice

If the U.S. government imposes a quota on toy imports, then

• A)net capital outflow rises.
• B)net exports rise.
• C)the exchange rate rises.
• D)All of the above are correct.

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Definitions:

General Journal

A primary accounting record used to record all non-specific financial transactions of a business in chronological order.

Sales Tax

A consumption tax imposed by the government on the sale of goods and services, collected by the retailer at the point of sale.

Full Payment

Completion of payment for a product or service in total, settling all owed amounts without remaining balances.

General Journal

A fundamental accounting ledger where all financial transactions are initially recorded, employing a double-entry system.