An Import Quota

question 97

Multiple Choice

An import quota

• A) limits the amount of a good that can be imported,thus increasing prices.
• B) is the same as a ban on imports.
• C) increases the amount of a good imported,thus increasing prices.
• D) increases the amount of a good imported,thus decreasing prices.
• E) limits the amount of a good that can be imported,thus decreasing prices.

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Definitions:

Internal Equity

The practice of ensuring that employees are compensated fairly in relation to one another within the same organization.

Employee Benefits and Services

Various types of non-wage compensation provided to employees in addition to their salaries or wages, such as health insurance, retirement plans, and paid time off.

Tax-free Benefits

Fringe benefits provided by an employer to an employee that are exempt from taxation under current tax laws.

Employer-provided Insurance

Health or life insurance that is offered by an employer as part of an employment benefits package.