Which of the Following Is One of the Main Instruments

question 30

Multiple Choice

Which of the following is one of the main instruments of trade policy?

• A) Tariffs
• B) Credit portfolios
• C) Opportunity costs
• D) Countervailing duties

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Definitions:

Double-Entry Bookkeeping System

An accounting system where every entry to an account requires a corresponding and opposite entry to a different account, ensuring the accounting equation remains balanced.

Single-Entry System

An accounting method where each financial transaction is recorded only once, either as an expense or income, making it simpler but less comprehensive than double-entry systems.

Cash Flow

The total amount of money being transferred into and out of a business, affecting its liquidity, solvency, and overall financial health.

Debt Collection

The process of pursuing payments of debts owed by individuals or businesses.