Brand Names Are Likely to Ensure Product Quality

question 177

Multiple Choice

Brand names are likely to ensure product quality:

• A)only in pure market-based economies
• B)only in mixed economies
• C)only in developed economies
• D)in a diverse set of economic structures

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Definitions:

Import Quota

A specific limit or maximum quantity (or value) of a good permitted to be imported into a country during a given period.

U.S. Imports

Goods and services brought into the United States from other countries for sale.

Net Exports

The value of a country's total exports minus the value of its total imports.

Infant Industries

Industries in the early stages of development that may be protected from international competition to allow them to grow.