UK Automakers Are Concerned About the Availability of So Many

question 100

Multiple Choice

UK automakers are concerned about the availability of so many foreign cars to their consumers, and that their chances to sell their own cars are limited.To directly correct the situation, they encourage Congress to impose a(n)

• A) export quota.
• B) export duty.
• C) import quota.
• D) tariff.
• E) import duty.

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Definitions:

Specifications

Detailed and precise descriptions of the requirements for materials, products, or services, including technical details, standards, and quality criteria.

Identical Bids

Offers made during a procurement process where two or more suppliers propose the same terms and price for goods or services.

Initiate

To start, commence, or begin a process, activity, or event.

Price Reduction

A decrease in the price of goods or services, often used as a strategy to increase sales or market share.