How Will an Export Quota Imposed by a Large Exporting

question 13

Multiple Choice

How will an export quota imposed by a large exporting
Country affect the country's domestic price?

• A)It will cause an increase in the domestic price.
• B)It will cause a decrease in the domestic price.
• C)It will have no effect upon the domestic price.
• D)It will first cause an increase, then a decrease in the domestic price.

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Definitions:

Social Entrepreneurs

Individuals who pursue innovative solutions to social problems with the aim to create social value rather than just profit.

Philanthropists

Individuals or organizations that actively seek to promote the welfare of others, typically through generous donations of money to various causes.

TEA

Total Entrepreneurial Activity; a metric used to measure the percentage of the adult working-age population who are either a nascent entrepreneur or owner-manager of a new business.

North America

A continent located entirely within the Northern Hemisphere and almost all within the Western Hemisphere, consisting of countries such as the United States, Canada, and Mexico.