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The Economic Effects of a Quota Are Identical to Those

question 66

True/False

The economic effects of a quota are identical to those of a tariff.


Definitions:

Customer Satisfaction

Customer Satisfaction is a measure of how products or services supplied by a company meet or surpass customer expectations.

Dissatisfied

A feeling of unhappiness or discontentment due to unmet expectations or needs.

Reduce

To make something smaller or less in amount, degree, or size.

Affective Commitment

An employee's emotional attachment to, identification with, and involvement in a particular organization.

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