Which of the Following Is a Measure That Does Not

question 55

Multiple Choice

Which of the following is a measure that does not yield revenue for the government of the United States,but can effectively limit the quantity of a particular good being imported from Japan?

• A)Quota
• B)Value-added tax
• C)Tariff
• D)Embargo
• E)Subsidy

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Definitions:

Self-sufficient

The capacity of an individual, household, or community to meet their needs and sustain themselves without external assistance.

Economic Perspective

Viewing situations and making decisions based on costs, benefits, and the impact on resource allocation and consumption.

Trade

The exchange of goods, services, or both, between two or more parties, either domestically or internationally.

Comparative Advantage

The ability of an entity to produce a particular good or service at a lower opportunity cost than another.