Measuring the Impact of a Quota or Tariff on the U.S.economy

question 138

Multiple Choice

Measuring the impact of a quota or tariff on the U.S.economy is an example of ________.Stating that a quota or tariff should be eliminated is an example of ________.

• A)statistical analysis; economic analysis
• B)positive analysis; normative analysis
• C)econometric analysis; protectionism
• D)trade analysis; an opinion

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Definitions:

Internal Revenue Code

A comprehensive set of tax laws established by the United States federal government that governs federal tax obligations.

Client's Communication

Information exchanged between a client and a professional, often protected by confidentiality.

Accountant

A professional who performs accounting functions such as audits or financial statement analysis. Accountants can also act as advisers or consultants on matters related to accounting.

Attorney

A person qualified and authorized to practice law, such as giving legal advice, representing clients in court, and drafting legal documents.