Recall the Application About How Worldwide Trade Has Affected the U.S

question 217

Multiple Choice

Recall the Application about how worldwide trade has affected the U.S. auto industry to answer the following question(s) .
-Recall the Application.As a result of the increasing percentage of imported automobile parts used in the production of U.S.automobiles,cars are now ________ for consumers in the United States and the United States is ________ to export its cars and compete on world markets.

• A) less competitively priced; better able
• B) less competitively priced; not as able
• C) more competitively priced; not as able
• D) more competitively priced; better able

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Definitions:

Equity-Method Income

Income recognized by an investor from its investment in another entity, equivalent to the investor's share of the investee's net income.

Net Income

The total profits of a company after all expenses and taxes have been deducted from revenue.

Net Income

Net income is the total profit of a company after all expenses and taxes have been deducted from revenue, indicating its earnings.

Amortization of Bond

The gradual reduction of the book value of a bond payable account through regular payments over the life of the bond.