Which of the Following Is an Example of a Trade

question 91

Multiple Choice

Which of the following is an example of a trade restriction?

• A)Japan places a tax on all Korean automobiles.
• B)Domestic wine is more expensive than wine imported from Chile.
• C)The United States,Canada,and Mexico sign the NAFTA agreement.
• D)Consumers prefer German beer to domestic beer.

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Definitions:

Journal Entries

Recorded transactions or adjustments in the financial records of a company, marking the debit and credit of accounts affected by business operations.

Debt Ratio

A ratio indicating the level of a firm's indebtedness by dividing its total obligations by its overall assets.

Financial Leverage

The use of borrowed funds to increase the potential return on investment.

General Journal

A comprehensive journal that records the initial data for all different types of financial transactions.