An import quota is a limit on the
A. amount of a product that may be imported.
B. number of foreign workers allowed to work in a country.
C. number of container ships allowed to enter the territorial waters of the United States.
D. value of low-priced foreign goods that are allowed to be imported into the United States.
Answer: A
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Which of the points show efficient production points?
A) all points above the TP curve B) all points on the TP curve C) all the darkened points below the TP curve D) all the points above and on the TP curve E) all the darkened points below and on the TP curve
Which of the following is usually discussed in the case against government?
A. special interest groups and transfers B. the unintended effects of governments actions C. removal from the prisoner's dilemma D. a and b E. none of the above
To cut costs in the face of declining demand and increased competition, many fast food restaurants have focused on reducing:
A) labor costs. B) utility costs. C) paper napkin costs. D) none of the above.
In international trade, an infant industry is one:
a. that protects firms that produce products for infants. b. with a large number of very small firms. c. in which the firms are experiencing very small profits. d. in the early stages of its development.