An Import Quota

question 183

Multiple Choice

An import quota

• A) limits the amount of a good that can be imported, thus decreasing prices.
• B) limits the amount of a good that can be imported, thus increasing prices.
• C) increases the amount of a good imported, thus decreasing prices.
• D) increases the amount of a good imported, thus increasing prices.

Understand the concept of the time value of money and how it applies to various financial situations.

Calculate present and future values of single cash flows, annuities, and perpetuities.

Understand how interest rates (nominal, effective, and APR) are calculated and compared.

Apply concepts of loan amortization and interest calculations to personal and business finance decisions.