Senator Brown and Other Politicians Want to Restrict the Flow

question 45

Multiple Choice

Senator Brown and other politicians want to restrict the flow of technologically advanced products and data from the United States to other countries.To restrict or encourage exports,Congress can

• A)do nothing.
• B)assess antidumping duties.
• C)impose export taxes.
• D)set export quotas.

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Definitions:

Subsidiary Ledger

A detailed ledger that contains the supporting documents for accounts in the general ledger, used to track specific details, such as customer accounts.

Received Cash

The inflow of cash to a business, recorded on the financial statements when cash is received from customers, loans, or other sources.

Accounts Payable Subsidiary Ledger

A detailed ledger that contains all individual transactions related to accounts payable.

Payments To Creditors

Money paid out by a business to settle debts owed to suppliers or lenders for goods, services, or loans.