The Effect of an Import Quota Is to

question 170

Multiple Choice

The effect of an import quota is to

• A)raise the price and reduce the quantity of imports.
• B)raise the price and the quantity of imports.
• C)lower the price and the quantity of imports.
• D)raise the quantity and reduce the price of imports.

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Definitions:

Progressive-Era

A transformative time in American history marked by efforts to address problems caused by industrialization, urbanization, and corruption.

Dependency

A condition or state in which one entity relies on another for support, sustenance, or subsistence, often leading to a lack of autonomy or self-sufficiency.

Victimhood

The condition of being a victim, often used in discussing how individuals or groups perceive or represent themselves as wronged or oppressed.

Inequality

The unequal distribution or availability of resources and opportunities among members of a society.