A Quota Is

question 162

Multiple Choice

A quota is

• A) a tax on imports.
• B) a specified minimum amount that must be imported.
• C) a specified maximum amount that can be imported.
• D) a tariff on exports.
• E) the minimum amount that domestic firms can dump.

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Definitions:

Schema

A cognitive framework or concept that helps organize and interpret information in the world around us.

Impressions

The initial thoughts or feelings about someone or something, formed quickly and without much evidence.

Stereotypes

Oversimplified, generalized ideas or beliefs about the characteristics, attributes, and behaviors of a particular group or individual.

Category

A class or division of objects or concepts perceived as having particular shared characteristics.