An Import Quota on a Product Normally Does All of the Following

question 105

Multiple Choice

An import quota on a product normally does all of the following except

• A)reduces the volume of that product traded.
• B)raises the price in the importing country.
• C)increases the price everywhere.
• D)reduces the price in the exporting country.

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Definitions:

Action Potentials

Brief electrical impulses that are the means by which information is transmitted along neurons.

Monozygotic Twins

Twins that develop from a single fertilized egg, sharing nearly 100% of their genetic material.

Dizygotic Twins

Also known as fraternal twins, these are siblings born during the same pregnancy who have developed from two separate eggs fertilized by two different sperm.

Biological Parents

The parent(s) who contribute their genes to their offspring through reproduction.