An Import Quota Is

question 32

Multiple Choice

An import quota is

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

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Definitions:

Low Market Growth Rates

Situations in which the increase in sales or size of a particular market is slower than average.

Relative Market Shares

A measure of a company’s sales in relation to the sales of its competitors, indicating the firm’s competitiveness in the market.

Question Marks

Products or businesses with high growth potential but also high risk due to uncertain market acceptance or competitive positioning, often found in portfolio analyses.

High Market Growth Rates

Periods when a particular market or industry experiences significantly higher than average increases in sales or revenue.