Restricting the Number of Japanese Cars Imported into the United

question 11

Multiple Choice

Restricting the number of Japanese cars imported into the United States is an example of a(n) ________.

• A) protectionist tariff
• B) quota
• C) licensing arrangement
• D) embargo

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Definitions:

Capital Per Worker

The amount of capital stock available per employee in the workforce.

Not Proprietary

Refers to something that is not owned or controlled by a specific entity and is open for use by anyone.

Economic Growth

An increase in the production of goods and services in an economy over a period, typically reflected as a percentage increase in real GDP.

Doubling Inputs

When the quantities of all inputs used in the production process are increased by the same proportion.