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

---

Definitions:

Market System

A financial framework where the choices about investment, production, and allocation are directed by the price indicators generated through the dynamics of supply and demand.

Government Ownership

This refers to enterprises or assets owned by the government or public authorities, rather than by private individuals or companies.

Private Property

Owned assets or possessions that are legally recognized and protected, excluding those owned by government entities.

Freedom of Enterprise

The freedom for individuals to start and operate private businesses in search of profits with minimal government intervention.