Government Trade Policies, Such as Tariffs and Quota Restrictions on Imports

question 10

Multiple Choice

Government trade policies, such as tariffs and quota restrictions on imports,

• A)can eliminate a trade imbalance.
• B)often increase a trade deficit.
• C)have no real effect on the trade balance.
• D)can lower a deficit on current account but not on the capital account.

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Definitions:

Client-Visits

The number of times clients go to a business or service provider's location within a specified period.

Planning Budget

An estimate of the income and expenditure for a set period of time, used for setting financial targets and objectives.

Wages and Salaries

Regular payments made by employers to employees in exchange for their work or services.

Activity Variance

The difference between planned or budgeted costs and the actual costs based on the level of activity or volume, used in variance analysis.