Which of the Following Is the Best Example of a Voluntary

question 89

Multiple Choice

Which of the following is the best example of a voluntary export restraint?

• A) a limit imposed by the U.S. government on the number of cell phones that the United States can import from Korea
• B) a subsidy granted by the U.S. government to domestic cell phone manufacturers so they can compete more effectively with foreign cell phone manufacturers
• C) a limit set by the Korean government on the number of cell phones that the United States can import from Korea.
• D) a $50 per-cell phone-fee imposed on all cell phones vehicles imported into the United States

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Definitions:

Effective Rate

is the interest rate on a loan or financial product, restated from the nominal rate as an annual rate that may incorporate compounding.

Endowment Fund

A financial endowment given to institutions like universities, museums, and non-profits to invest and use the annual income from investments for operations or programs.

Perpetuity

A financial instrument that pays a steady, never-ending stream of cash flows to the investor.

Compounded Semi-Annually

A method where interest is added to the principal balance of an investment or loan twice a year, leading to compound growth.