A Direct Restriction on the Quantity of an Import Is

question 160

Multiple Choice

A direct restriction on the quantity of an import is called a(n) :

• A) quota.
• B) tariff.
• C) import subsidy.
• D) import restriction.

---

Definitions:

Activity

A specific task or action that is part of a process or contributes to the completion of a project.

Variable Costs

Expenditures that fluctuate directly in relation to the amount of goods or services produced.

Relevant Range

The relevant range is a level of activity within which assumptions about variable and fixed cost behaviors are valid, used for budgeting and forecasting.

Activity Level

A measure of the volume of work or operations in a company, influencing variable costs and often used for budgeting and performance evaluation.