Kingsland Is a Country That Has Been Exporting Apples to the United

question 43

Multiple Choice

Kingsland is a country that has been exporting apples to the United States for over a century,shipping 300 tons to Georgia each month.However,last month,Kingsland violated a trading norm which was not condoned by Georgia.Which of the following measures should be taken to regulate apple imports from Kingsland?

• A)Georgia should stop trading with Kingsland after serving a notice.
• B)Georgia should stop trading with Kingsland without serving a notice.
• C)Georgia should appeal to the federal authority which can stop imports from Kingsland.
• D)Georgia should make Kingsland export its apples to North Carolina.

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Definitions:

Marginal Revenue Product

The supplementary income derived from the deployment of an extra unit of a production resource, like manpower or assets.

Rent

A regular payment made by a tenant to an owner for the use of the owner's property or land.

Complementary Resource

An asset or input that increases the utility or productivity of another asset or input when used in conjunction.

Marginal Revenue Product

The additional revenue generated by employing one more unit of a factor of production, such as labor or capital.