Which one of the following statements correctly describes export subsidies?
a. export subsidies are government payments to domestic producers to enable them to charge lower prices and sell more goods
in world markets.
b. export subsidies are maximum limits on the quantity or total value of specific products imported to a nation.
c. export subsidies are excise taxes or duties placed on imported products.
d. export subsidies are licensing requirements, unreasonable quality standards, and the like designed to impede imports.

The law of demand is the assertion that ?

Wilson company paid $5,000 for a 4-month insurance premium in advance on november 1, with coverage beginning on that date. the balance in the prepaid insurance account before adjustment at the end of the year is $5,000, and no adjustments had been made previously. the adjusting entry required on december 31 is: (a) debit cash. $5,000: credit prepaid insurance. $5,000. (b) debit prepaid insurance. $2,500: credit insurance expense. $2500. (c) debit prepaid insurance. $1250: credit insurance expense. $1250. (d) debit insurance expense. $1250: credit prepaid insurance. $1250. (e) debit insurance expense. $2500: credit prepaid insurance. $2500.

What impact might an economic downturn have on a borrower’s fixed-rate mortgage? a. it might cause a borrower’s payments to go up. b. it might cause a borrower’s payments to go down. c. it has no impact because a fixed-rate mortgage cannot change. d. it has no impact because the economy does not affect interest rates.