An Import Quota

question 88

Multiple Choice

An import quota

• A)is preferable to a tariff since an import quota does not create a deadweight loss.
• B)is a tax on imported goods.
• C)reduces the welfare of domestic consumers.
• D)reduces the welfare of domestic producers.

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Definitions:

Explicit Motivation

The conscious and deliberate drive to achieve goals or meet needs.

Habituation

The diminishing of a physiological or emotional response to a frequently repeated stimulus, leading to decreased attention or reaction over time.

Shaping

A method of training by which successive approximations towards a desired behavior are reinforced.

Discrimination

Unfair treatment of individuals based on their race, gender, age, or other characteristics rather than their merits.