If Canada Was to Levy a Quota on Chocolate Imported

question 118

Multiple Choice

If Canada was to levy a quota on chocolate imported from Denmark

• A) Canada would decrease its exports of chocolate.
• B) the price of chocolate in Denmark would increase.
• C) employment of workers in Denmark's chocolate industry would increase.
• D) consumer surplus would decline in Canada.

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Definitions:

Mode

The most common number found in a given set of data, marked by the greatest peak on a frequency distribution chart.

Frequency Distribution

A summary of how often various values occur in a data set, often represented in a table or graph.

Mode

The value that occurs most frequently in a given set of data, used as a measure of central tendency.

Set Of Colors

A specific collection or arrangement of colors, often used to represent different data points, categories, or variables in visual representations.