A Legal Limit on the Amount of a Commodity That

question 19

Multiple Choice

A legal limit on the amount of a commodity that can be imported is known as:

• A)an ad valorem tariff.
• B)an import quota.
• C)an import concession.
• D)an import substitution.
• E)a specific tariff.

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Definitions:

Commercial

Pertaining to commerce or business, often relating to advertising or the buying and selling of goods and services.

Social Significance

The impact or importance of a phenomenon, event, or trend in terms of its influence on societal norms, values, or behaviors.

Stories

Narratives or accounts of a series of events, real or imaginary, told for entertainment or educational purposes.

Arranged

Organized or planned in a specific order or manner.