Which of the Following Is a Means of Allocating Import

question 47

Multiple Choice

Which of the following is a means of allocating import licenses by assigning the licenses without competition, applications, or negotiation?

• A)Fixed favoritism
• B)Resource-using application procedures
• C)Import-license auctions
• D)Domestic content requirements

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Definitions:

Round

Characterizes an object with a circular shape or a process of rounding numbers to a specified degree of accuracy.

Concrete

Relating to objects or physical matter as opposed to abstract concepts, tangible and perceptible.

Personal Relationship

A connection between individuals based on emotional bonds, personal interactions, or social ties, often marked by mutual affection and support.

Marriage

A legally and socially sanctioned union, usually between two people, recognized by society as constituting a household.