A legal limit on the quantity of a good that may be imported is called a(n) ________.
A. tariff
B. import tax
C. trade limit
D. quota
Answer: D
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Explain what the phrase "price rationing" means
What will be an ideal response?
Refer to Table 3-4. The table above shows the demand schedules for cashews of two individuals (Jordy and Amy) and the rest of the market. If the price of cashews rises from $4 to $6, the market quantity demanded would
A) decrease by 33 lbs. B) increase by 33 lbs. C) increase by 39 lbs. D) decrease by 39 lbs.
Non-interventionists include all of the following, EXCEPT
A. new classical economists. B. supply-side economists. C. Keynesian economists. D. monetarists.
To determine who would be the best person work on a market analytics project to facilitate a company-wide re-branding initiative, Lauren secretly timed and recorded how long it took three of her staff to complete a mini-analytics project before deciding to whom she would assign the project. What tool was Lauren using?
a. She was using the record-time-test tool. b. She was using the work assignment tool. c. She was using the efficiency study. d. She was using the time-and-motion-study.