​An Increase in the Use of Quotas Is Expected To

question 12

Multiple Choice

​An increase in the use of quotas is expected to:

• A) ​reduce the country's current account balance, if other governments do not retaliate.
• B) ​increase the country's current account balance, if other governments do not retaliate.
• C) ​have no impact on the country's current account balance unless other governments retaliate.
• D) ​increase the volume of a country's trade with other countries.

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Definitions:

Installation

The process of setting up software or hardware to make it ready for use, or the setting up of machinery or equipment for operational purposes.

Unsatisfactory Performance

The failure to meet established performance standards or expectations in a job or task.

Percentage Completion

An accounting method used to recognize revenues and expenses of long-term projects proportionally to the work completed.