One Impact of an Import Quota Is To

question 75

Multiple Choice

One impact of an import quota is to:

• A) increase both domestic production and domestic prices.
• B) increase domestic production and reduce domestic prices.
• C) reduce domestic production and increase domestic prices.
• D) reduce both domestic production and domestic prices.

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Definitions:

Cephalad

A directional term used in anatomy and medicine to indicate moving towards the head or situated near the head.

Inferior

Positioned below or lower in rank, quality, or importance.

Abbreviations

Shortened forms of words or phrases used to save space or avoid repetition.

Q.D.

A medical abbreviation for "quaque die," which means once a day; used in prescriptions to indicate the frequency of medication intake.