Measuring the Impact of a Quota or Tariff on the U.S.economy

question 138

Multiple Choice

Measuring the impact of a quota or tariff on the U.S.economy is an example of ________.Stating that a quota or tariff should be eliminated is an example of ________.

• A)statistical analysis; economic analysis
• B)positive analysis; normative analysis
• C)econometric analysis; protectionism
• D)trade analysis; an opinion

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Definitions:

Fees Earned

Income generated from providing services or performing work for clients or customers.

Adjusting Entry

A journal entry made in accounting to record changes in revenue and expense accounts in order to match revenues and expenses to the period in which they occurred.

Cash Invested

Money that is put into a business or project with the expectation of generating income or profit.

Accrued Interest

Interest that has accrued but remains unpaid.