An Import Quota on a Product Normally Does All of the Following

question 105

Multiple Choice

An import quota on a product normally does all of the following except

• A)reduces the volume of that product traded.
• B)raises the price in the importing country.
• C)increases the price everywhere.
• D)reduces the price in the exporting country.

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Definitions:

Inferior Gluteal

Referring to the nerves or artery that serves the lower portion of the gluteal muscles in the buttocks, involved in the movement of the hip and thigh.

Ilioinguinal

Relating to the ilium, the largest bone in the pelvis, and the inguinal region, often referring to a specific nerve that carries sensation from the groin to the abdominal muscles.

Pudendal

Pertaining to the pudendum, the external genitalia, or the pudendal nerve that supplies the area.

Brachial Plexus

A network of nerve fibers that run from the spine, through the neck, to the arm, and to the hand, controlling muscle movements and sensation.