An Import Quota on a Product Normally Does All of the Following

question 105

Multiple Choice

An import quota on a product normally does all of the following except

• A)reduces the volume of that product traded.
• B)raises the price in the importing country.
• C)increases the price everywhere.
• D)reduces the price in the exporting country.

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Definitions:

Metabolism Decreases

The process by which the body’s ability to convert food and drink into energy slows down, typically as part of aging.

Ages 20

Refers to the period of life known as early adulthood, significant for its transitions in physical, emotional, and social development.

Ages 60

Refers to individuals who are in the sixtieth year of their life or the decade of life from 60 to 69 years old, often considered the early years of old age.

Body Shape

The physical form or structure of a person, often described in terms of body composition, proportions, and appearance.