By Restricting the Amount of a Good That May Be

question 13

Multiple Choice

By restricting the amount of a good that may be imported,quotas:

• A)increase the price,thus causing domestic producers to sell less than they would with free trade.
• B)lower the price,thus allowing domestic producers to sell more than they would with free trade.
• C)increase the price and allow domestic producers to sell more at a higher price than they would with free trade.
• D)lower the price,thus causing domestic producers to realize lower total revenue from the quota item.
• E)simply replace foreign production with domestic production.

---

Definitions:

Union Decertification

The process through which workers remove the representation of a labor union in their workplace through an official vote.

Nonunion Site

This defines a workplace where the employees are not organized into a labor union for collective bargaining with their employer.

Subcontracting

The practice of a company hiring another company to perform tasks, handle operations or provide services that are either difficult to manage or are outside the company's expertise.

Electromation Case

A legal case involving Electromation, Inc., that significantly impacted labor law, particularly regarding employer-employee negotiation processes.