Labor Unions in the United States Would Like to See

question 93

Multiple Choice

Labor unions in the United States would like to see Congress pass domestic content laws that would require,for example,that all automobiles sold in the United States contain at least a specified percentage of parts that were manufactured in the United States.Such laws would fall under the heading of

• A) import tariffs.
• B) buy national legislation.
• C) quotas.
• D) export tariffs.
• E) economic disincentives.

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Definitions:

Effective Rate

The actual interest rate earned or paid on an investment, loan, or other financial product, taking into account the effect of compounding.

Ordinary Interest

A method for calculating interest based on a 360-day year.

360-Day Year

A 360-day year is an accounting practice that treats each month as having 30 days, simplifying interest calculations in the financial industry.

Total Amount

The aggregate sum resulting from the addition of numbers, amounts, objects, etc.