An agreement with another country to limit the volume of goods and services sold to them is best described as a:
A. quota.
B. Voluntary export restraint.
C. Minimum domestic content rule.
查看答案
A firms financial position at a specific point in time is reported in the:
A. Balance sheet.
B. Income statement.
Cash flow statement.
A country that wishes to narrow its trade deficit devalues its currency. If domestic demand for imports is perfectly price-inelastic, whether devaluing the currency will result in a narrower trade def
A. The size of the currency devaluation.
B. The countrys ratio of imports to exports.
C. Price elasticity of demand for the countrys exports.
A decrease in assets would least likely be consistent with a(n):
A. Increase in expenses.
B. Decrease in revenues.
C. Increase in contributed capital.
Compared to a customs union or a common market, the primary advantage of an economic union is that:
A. Its members adopt a common currency.
B. Its members have a common economic policy.
C. It removes barriers to imports and exports among its members.