Certain Tariffs,limits on Imported Goods,and Import Regulations Limit U

question 93

Multiple Choice

Certain tariffs,limits on imported goods,and import regulations limit U.S.consumption of foreign products,which has contributed to the __________.

• A)federal funds rate
• B)budget deficit
• C)national debt
• D)trade deficit

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Definitions:

Industry

A group of companies or organizations producing similar goods or services, often characterized by competition and innovation.

Positive Statement

An objective statement based on facts and evidence that can be tested and verified.

Value Judgment

An assessment based on personal views, ethical standards, or aesthetics, rather than on measurable or objective criteria.

Deduction

An amount that is subtracted from someone's gross income, reducing the taxable income and thus the amount of tax owed.