Import Quotas

question 33

Multiple Choice

Import quotas

• A)are not used by Canada.
• B)set the minimum percentage of the value of a product that must consist of imported components.
• C)benefit society.
• D)are the same as tariffs.
• E)set the maximum number of units of a good that can be imported in a given time period.

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Definitions:

European Colonists

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Upper Guinea

A region in West Africa, often referring to the area covering the westernmost part of the continent, including modern-day Senegal to Sierra Leone, characterized by its historical significance in the Transatlantic Slave Trade.