A Restriction on the Quantity of a Good That Can

question 65

Multiple Choice

A restriction on the quantity of a good that can be imported into a country is a(n) :

• A) tariff.
• B) quota.
• C) embargo.
• D) restricted exchange rate.

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Definitions:

Financial Accounting Standards Board

An independent organization responsible for establishing and improving financial accounting and reporting standards in the United States.

Pay-As-You-Go Basis

A financial approach where expenses or charges are paid for at the time of purchase or consumption, rather than on credit.

Fund Benefits

Refers to the advantages or financial aid provided by an investment fund to its investors.