An Unexpected Import Restriction Imposed on Mangoes by the USDA

question 171

Multiple Choice

An unexpected import restriction imposed on mangoes by the USDA

• A) will reduce the price of mangoes in the United States.
• B) will increase the price of mangoes in the United States.
• C) will discourage American producers of mangoes.
• D) will reduce the price of mango juice in the United States.

---

Definitions:

Disposal of Equipment

The process of getting rid of fixed assets or equipment which is no longer useful or needed through sale, trade, or recycling.

Treasury Stock

Shares that were issued and subsequently repurchased by the issuing company, reducing the amount of outstanding stock on the open market.

Depreciation Expense

Depreciation Expense is the allocation of the cost of a tangible asset over its useful life, reflecting wear and tear, obsolescence, or other decline in value.

Net Income

The ultimate earnings of a company once total revenues are reduced by operating expenses, taxes, and all other costs.