What Is the Term for a Limit on the Quantity

question 162

Multiple Choice

What is the term for a limit on the quantity of an imported good?

• A) a tariff
• B) an excise tax
• C) an import quota
• D) net imports

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Definitions:

Utilitarianism

A moral theory suggesting that the best action is the one that maximizes utility, often defined as maximizing happiness and reducing suffering.

Profit Maximization

is the process or strategy of adjusting a firm's production and sale operations to earn the highest possible profit.

Stakeholder Theory

A theory in corporate governance asserting that a company should consider and respond to the interests of all its stakeholders, not just shareholders.

Rights Theory

A set of philosophical principles focusing on the inherent rights of individuals, including moral, legal, and social claims.