When a Quota Is Imposed on a Market, The

question 59

Multiple Choice

When a quota is imposed on a market, the:

• A)supply curve (above the world price) shifts to the right by the amount of the quota
• B)supply curve (above the world price) shifts to the left by the amount of the quota
• C)demand curve (above the world price) shifts to the right by the amount of the quota
• D)demand curve (above the world price) shifts to the left by the amount of the quota

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Definitions:

Self-report

A method of gathering data where individuals provide information about themselves, often used in surveys and questionnaires.

Personality-relevant

Pertain to aspects or factors that are important or significant to the understanding or analysis of an individual’s character traits.

Trait Terms

Descriptors used to identify consistent patterns in an individual's behavior, thought, and emotions.

Big Five

A psychological model outlining five major dimensions of human personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.