A Quota Is

question 88

Multiple Choice

A quota is

• A) a tariff imposed on goods that are dumped in the country.
• B) a law that prevents ecologically damaging goods from being imported into a country.
• C) a market-imposed balancing factor that keeps prices of imports and exports in equilibrium.
• D) a government-imposed restriction on the quantity of a specific good that can be imported.

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Definitions:

Might-Equals-Right Principle

A belief that power or strength justifies moral superiority or entitlement to leadership and decision-making.

Self-Serving Decisions

Decisions made with the primary objective of benefiting oneself, often at the expense of others or ethical standards.

Proximity

The physical closeness or distance between people, objects, or locations, often influencing communication, interaction, or relationships.

Decision Maker

A person or group responsible for making choices or judgments that influence the outcome of a situation or organization.