The Objective of an Import Quota Is to ______

question 138

Multiple Choice

The objective of an import quota is to ______.

• A) prevent dumping
• B) raise revenue for the government
• C) protect domestic industries
• D) ban the importation of certain goods

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Definitions:

Contraction

A period during which the economy declines as reflected by falling output, employment, income, and other aggregate measures.

Expansion

A period during which the economy grows as reflected by rising output, employment, income, and other aggregate measures

Long-term Growth

The sustained increase in the economic output of a country or region over a significant period.

Rules Of Game

The set of guidelines and principles that determine how a particular game or activity is conducted.