If a Government Imposes a Quota on Imports of a Popular

question 30

Multiple Choice

If a government imposes a quota on imports of a popular toy, the price of the toy in the country will _______ and the quantity purchased in the country will _______.

• A) fall; increase
• B) rise; increase
• C) rise; decrease
• D) fall; decrease

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Definitions:

Congruence

The degree to which people's actions are consistent with their self-concept and values, a key concept in humanistic psychology.

Narcissism

A personality trait characterized by an inflated sense of self-importance, a deep need for excessive attention and admiration, and a lack of empathy for others.

Exploit

To make use of something (usually resources) in a way that benefits one but may be considered unfair or unethical.

Cognitive Needs

Psychological requirements of a person for thinking, reasoning, and understanding, which drive the pursuit of knowledge and intellectual engagement.