Which of the Following Is a Reason Why Nations Set

question 80

Multiple Choice

Which of the following is a reason why nations set up import controls?

• A) to prevent the imposition of antidumping duties
• B) to prevent foreign companies from destroying home industries
• C) to reduce the flow of foreign currency coming into the home country
• D) to prevent unfriendly nations from obtaining sensitive goods

---

Definitions:

Loan Fees

Charges associated with the origination, maintenance, or closure of a loan, ranging from application fees to prepayment penalties.

Deductible

An expense that can be subtracted from gross income to reduce taxable income.

Schedule A

Schedule A is a form attached to the US individual income tax return used to itemize deductions such as medical expenses, property taxes, and charitable contributions.

Charitable Contributions

Contributions given to eligible entities that the donor might deduct from their taxes.