Imposing a Restrictive Quota on Imported Plasma TVs Will

question 85

Multiple Choice

Imposing a restrictive quota on imported plasma TVs will:

• A) increase the price of the plasma TVs and decrease the quantity consumed.
• B) increase both the price of the plasma TVs and the quantity consumed.
• C) leave the price of the plasma TVs unchanged but decrease the quantity consumed.
• D) leave the price and the quantity consumed of plasma TVs unchanged, because domestic producers will expand production to make up for the reduction in imports

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Definitions:

Cultural Assimilator

A tool or program designed to help individuals learn and adapt to the cultural norms of a different culture.

Understanding Traditions

The act of grasping the beliefs, behaviors, and values passed down within a culture or community.

Different Culture

Refers to the variety of cultural or ethnic groups within a society and the distinctive practices, beliefs, and traditions they embody.

Cognitive Dissonance Theory

A theory suggesting that we have an inner drive to hold all our attitudes and beliefs in harmony and avoid disharmony (or dissonance).