Import Quotas

question 29

Multiple Choice

Import quotas

• A)are the same as tariffs.
• B)are not used by Canada.
• C)set the minimum percentage of the value of a product that must consist of imported components.
• D)benefit society.
• E)set the maximum number of units of a good that can be imported in a given time period.

---

Definitions:

Countries

Nation-states characterized by defined territorial borders and governance structures, possessing sovereignty and political identity.

Global Corporations

Large business entities that operate and provide services or goods in multiple countries outside of their country of origin.

Country

A geographical region recognized as a distinct entity in political geography, often defined by territorial boundaries and governance.

Carbon Dioxide Emissions

The release of CO2 into the atmosphere by natural processes and human activities, notably the burning of fossil fuels, which contributes to global warming.