A(n)_____ Is a Limit on the Amount of a Specific

question 139

Multiple Choice

A(n) _____ is a limit on the amount of a specific product that can enter a country.

• A) quota
• B) tariff
• C) boycott
• D) exchange control
• E) transfer limit

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Definitions:

Opportunity Cost

The expense incurred by not selecting the second-best choice when deciding between different options.

Tattoo

A method of altering one's appearance by embedding ink, dyes, and pigments, which can be either permanent or temporary, into the second layer of skin known as the dermis, to create a pattern or picture.

Avatar

A graphic representation of a user or the user's alter ego or character, often used in online forums, social media, and virtual reality spaces.

Resources

Assets, materials, and inputs used to produce goods and services; can be natural, human, or capital.