A(n) _____ is a limit on the amount of a specific product that can enter a country
a. quota
b. tariff
c. boycott
d. exchange control
ANSWER: a
A quota is a limit on the amount of a specific product that can enter a country. Several U.S. companies have sought quotas as a means of protection from foreign competition.
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A subsidiary differs from a branch in that a subsidiary ________
A. is just a unit or a part of the parent with no separate legal status B. is a co-parent company C. is considered an agent of the parent company governed by an agency contract, but not owned by the company D. is a company organized as a separate legal entity that is owned by the parent
No load mutual funds
A) are not part of a mutual fund family. B) are preferred by investors who do their own research. C) charge a commission on the initial investment. D) are preferred by most brokers.