What Will a Tariff and an Import Quota Do to the Quantity

question 180

Multiple Choice

What will a tariff and an import quota do to the quantity of imports and the domestic price

• A)increase the quantity of imports and raise domestic price
• B)increase the quantity of imports and lower domestic price
• C)reduce the quantity of imports and raise domestic price
• D)reduce the quantity of imports and lower domestic price

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Definitions:

Premium On Bonds Payable

The excess amount by which bonds are sold over their face value, indicating investors’ willingness to pay more for certain bonds.

Bond Interest Expense

Bond interest expense is the cost incurred by an issuer of bonds for paying interest to the bondholders, typically recognized in the income statement.

Amortization

The gradual reduction of a debt over a period of time through regular payments that cover principal and interest.

Semiannually

Occurring twice a year or every six months.