Figure 9.9 -Refer to Figure 9.9. Now Suppose an Import Quota of Quota

question 33

Multiple Choice

Figure 9.9
-Refer to Figure 9.9. Now suppose an import quota of 3000 trucks is imposed. The quota will decrease the revenue of foreign firms by

• A) $0.
• B) $2,500.
• C) $7,500,000.
• D) $11,250,000.
• E) $13,125,000.

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Definitions:

Contractual Intent

The clear intention of the parties to a contract to create a legally binding agreement.

Definite

Clearly stated or decided; not vague or doubtful, often referring to terms or conditions that are explicitly specified.

Adequate Communication

Effective exchange of information, ensuring all involved parties fully understand terms, expectations, or instructions.

Reserve

Funds or resources set aside for specific future use or to cover unexpected liabilities, or the practice of conserving natural resources.