In Response to an Import Quota

question 61

Multiple Choice

In response to an import quota

• A) Exports increase more than imports.
• B) Imports increase more than exports.
• C) Imports and exports are unaffected, but the government collects revenues.
• D) Imports and exports are both reduced but net exports are unchanged.

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Definitions:

Written Acceptance

A formal agreement to an offer or proposal, expressed in written form.

Legally Binding

Agreements or contracts that are enforceable by law, with legal obligations that must be fulfilled by the parties involved.

Prospective Employer

An organization or individual that is considering hiring someone for a job position.

Business Etiquette

The set of expected behaviors and manners that are considered professional and polite in business environments.