Examlex
Courtney McRae started the Row-Your-Boat paddle boat and row boat business at a nearby lake resort. She wanted to combine her accounting degree with her love of the outdoors and fishing. One of her first business purchases was a computerized accounting system. She learned in her college classes that a good software system will eliminate accounting cycle steps and the time it takes for her interpret the results. As she put it, "It should make the decisions for me!"
Goods and Services
The tangible products (goods) and intangible activities (services) that are produced and consumed by the economy.
Blocking Imports
Policy measures taken to restrict the importation of goods from foreign countries.
Tariff
A tax imposed by a government on goods and services imported from other countries, aiming to protect domestic industries from foreign competition.
Quota
A government-imposed trade restriction limiting the number or monetary value of goods that can be imported or exported.
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