A Quota Is

question 94

Multiple Choice

A quota is:

• A)a type of tax imposed on imports
• B)a physical limit on the quantity of internationally traded goods
• C)a physical limit on the tax level on internationally traded goods
• D)a tool to encourage imports into a country

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Definitions:

Standard Deviation

A measure of the amount of variation or dispersion of a set of values. It quantifies how spread out the numbers are.

Empirical Rule

A statistical rule stating that for a normal distribution, nearly all data will fall within three standard deviations of the mean.

Bell-Shaped

Describes the graphical form of a distribution that is symmetric around its mean, visually represented as a bell-shaped curve, typically associated with the normal distribution.

Sample Standard Deviation

A measure of the dispersion or variability of a sample dataset, indicating how much the individual data points differ from the sample mean.