An Import Quota Is

question 59

Multiple Choice

An import quota is

• A)a tariff that is a fixed percentage of the price of a good.
• B)a tariff that is a fixed dollar amount per unit of a good.
• C)an agreed upon price for a good to be imported at a specified future date.
• D)a restriction that specifies the maximum quantity of a good that may be imported in a given time period.
• E)the same as an export subsidy.

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Definitions:

Somatosensory Cortex

The part of the brain responsible for processing sensory information from across the body, such as touch, temperature, and pain.

Short-Term Memory

The capacity for holding a small amount of information in an active, readily available state for a short period of time.

Working Memory

The part of short-term memory that is concerned with immediate conscious perceptual and linguistic processing.

Long-Term Memory

The ability to store information for extended periods, often throughout an individual's life, distinguished from short-term or working memory.