Which of the Following Decreases If the U

question 95

Multiple Choice

Which of the following decreases if the U.S.removes an import quota on computer components?

• A)U.S.imports and U.S.exports.
• B)U.S.imports but not U.S.exports.
• C)U.S.exports but not U.S.imports.
• D)Neither U.S.exports nor U.S.imports.

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Definitions:

Accounting

The systematic recording, reporting, and analysis of financial transactions of a business.

Installment Sales

A sales method allowing customers to make payments over a period of time until the full price is paid.

Gross Profit

A company's total revenue minus its cost of goods sold, indicating the basic profitability of its products or services.

Interest Payments

the regular payments made by a borrower to a lender, typically a percentage of the outstanding debt, as compensation for the loan or credit provided.