How Will an Export Quota Imposed by a Small Exporting

question 39

Multiple Choice

How will an export quota imposed by a small exporting
Country affect the world price?

• A)It will cause an increase in the world price.
• B)It will cause a decrease in the world price.
• C)It will not affect the world price.
• D)It will first cause an increase, then a decrease the world price.

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Definitions:

Information

Data that has been processed or structured in a way that is meaningful to the person receiving it, often used for decision-making.

Eight Binary Digits

Often referred to as a byte, the fundamental unit of digital data storage.

Byte

A unit of digital information that most commonly consists of eight bits, representing a single character of data in most computer systems.

Word

A unit of data of a standard size, typically a fixed number of bits or bytes, depending on the architecture of the computer system.