An Import Quota Is

question 59

Multiple Choice

An import quota is

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

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Definitions:

Accurate

Precisely correct, exact, or without error.

Cent

A monetary unit that is equal to one hundredth of the basic unit of currency in many countries, including the United States.

Accurate

The degree to which the result of a measurement, calculation, or specification conforms to the correct value or a standard.

Cent

A Cent is a monetary unit that represents one hundredth of the base unit of currency in many countries, such as the United States dollar, Euro, and others.