A Supply Restriction on Imported Goods, Such as the Government's

question 133

Multiple Choice

A supply restriction on imported goods, such as the government's restriction of imported oil for many years, is referred to as

• A) an export quota.
• B) an import quota.
• C) a price floor.
• D) a price ceiling.

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Definitions:

Investors

Individuals or institutions that allocate capital with the expectation of receiving financial returns, often involving the purchase of securities.

Compound Annual Rate

The rate at which an investment would have grown annually if it had compounded at a steady rate.

Dividends

Payments made by a corporation to its shareholder members, typically from profits.

Zero-Sum

A situation or game where the gain of one participant comes at the expense of another, resulting in a net change of zero.