Which of the Following Situations Is an Example of an Import

question 102

Multiple Choice

Which of the following situations is an example of an import license?

• A) Japan agrees to limit the number of automobiles that it exports to the United States.
• B) The United States places a tax on textiles from China.
• C) Canada limits the amount of steel that can be imported.
• D) Sweden requires international firms to obtain a permit before they can import certain chemicals.

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Definitions:

Martin Seligman

A psychologist known for his work in positive psychology and studies on happiness and well-being.

Positive Psychology

A branch of psychology that focuses on the study of positive human functioning and what makes life most worth living.

Subjective Well-being

Subjective well-being refers to how individuals experience and evaluate their own lives in terms of happiness and contentment.

Feel-good, Do-good Phenomenon

The tendency for people to be more willing to help others when they are in a good mood themselves.