An Example of Policies Designed to Protect and Encourage New

question 15

Multiple Choice

An example of policies designed to protect and encourage new industries serving the domestic market would be:

• A)taxing exports of manufactured goods.
• B)subsidizing imports to the domestic market.
• C)imposing import tariffs or otherwise restricting imports.
• D)removing all trade restrictions and price supports.

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Definitions:

Accounting Records

Documents and books that systematically record financial transactions of a business for accounting and audit purposes.

Outstanding Checks

Checks issued by a company that have not yet been cashed or cleared by the bank.

Bank Reconciliation

The procedure of aligning the balances found in an organization's financial records for a cash account with the similar data on a bank statement.

Recorded Incorrectly

Refers to transactions or entries that have been documented in an erroneous manner within the financial records.