A Limit on the Quantity of a Good Produced Abroad

question 124

Multiple Choice

A limit on the quantity of a good produced abroad that can be purchased domestically is called a(n)

• A)tariff.
• B)excise tax.
• C)import quota.
• D)None of the above is correct.

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Definitions:

Marvel Comics

An American comic book and media company known for its iconic superheroes such as Spider-Man, Iron Man, and the X-Men.

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Corporate Conglomeration

The process or result of a single corporation owning numerous companies across various industries, often to diversify business operations and reduce risk.

Market Research

The process of gathering, analyzing, and interpreting information about a market, including information about potential customers, competitors, and the effectiveness of marketing programs.