Protectionism is the act of using quotas or tariffs to shield one or more industries within a country's economy from foreign competition.
Answer: (E) none of the other choices
Explanation:
None of the options are correct in the above question.
The USA extends Most Favoured Nation Status to most countries in the world including Germany so that would not be a reason for the car's not to pass through customs.
The cars could indeed be a threat to national security. Just because they come from a safe country does not mean that they were not tampered with. They need to be properly inspected.
They are indeed a source of competition for US automakers but that would be no reason to stop them. Perhaps tariffs could be applied on them but they will not be stopped.
There is no provision in US Customs practices that prohibits the importation of used cars solely because they are used cars therefore it will not be a reason to halt the car's going through customs.
None of the options are therefore correct.
Answer:
Cyclical unemployment is the loss of jobs due to a recession or downturn in an economy.
Explanation:
Cyclical unemployment is a type of unemployment. It is also known as Keynesian or deficient-demand unemployment. This type of unemployment occurs when the overall demand in an economy is not enough to provide jobs to the people who want to work. Cyclical unemployment is observed during the periods of slow economic growth or recession.
Answer:
providing banks that the government deemed as "sound financial footings" an operating license.
Explanation:
The emergency banking relief act helped solve the banking crisis by providing banks that the government deemed as "sound financial footings" an operating license. This allowed the banks to reopen and continue business as well as providing the public with ease of mind and allowing them to slowly rebuild their trust on towards the banking system.
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Answer:
$900,000
Explanation:
Depreciation for the year $600,000
Employee Bonuses $1,200,000
Total expense for the year $1,800,000
Expense to be reported in interim income statement 1,800,000/2=$900,000
