An Import Quota Is

question 117

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 amount of a good that may be imported.
• E)the same as an export subsidy.

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Definitions:

Health Care Spending

The total amount of money spent on medical services, medications, and other health-related products and services.

Employer-Provided Benefit

Non-wage compensations provided to employees in addition to their normal salaries or wages, like health insurance, paid vacation, and retirement plans.

Federal Health Care Program

A government-run program that provides medical aid and health services to eligible individuals and families.