Import Quotas

question 104

Multiple Choice

Import quotas

• A) are the same as tariffs.
• B) set the maximum number of units of a good that can be imported.
• C) are not used by the United States.
• D) set the minimum percentage of the value of a product that must consist of imported components.

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Definitions:

Temporary Foreign Workers

Individuals from other countries employed in another country on a temporary basis, often to fulfill specific job shortages.

Asylum Seekers

Individuals who flee their home country to seek protection elsewhere due to persecution, violence, or fear of harm based on various grounds.

Family Class Sponsorships

A program specific to certain countries like Canada, allowing citizens or permanent residents to sponsor relatives, including spouses, partners, children, or other eligible relatives for immigration.

Economic Class

An immigration category that includes federal and Quebec-selected skilled workers, federal and Quebec-selected business immigrants, provincial and territorial nominees, the Canadian Experience Class (CEC), and caregivers, as well as spouses, partners, and dependants who accompany the principal applicants in any of these economic categories (Government of Canada, 2016a).