An Import Quota Specifies the

question 33

Multiple Choice

An import quota specifies the

• A) price that can be charged for any imported good.
• B) amount of taxes that must be paid on any imported good.
• C) maximum amount of a good that may be imported during a specified period.
• D) minimum amount of a good that may be imported during a specified period.

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Definitions:

Diffusion

The process by which molecules spread from areas of high concentration to areas of low concentration.

Cross-sectional Area

The area of a particular section of an object or substance, usually measured perpendicular to a specific axis.

Capillaries

The smallest blood vessels in the body which facilitate the exchange of water, oxygen, carbon dioxide, and many other nutrient and waste chemical substances between blood and the tissues.

Velocity

A physical vector quantity that denotes the rate of change of position of an object with respect to time, including both speed and direction.