If a Government Imposes a Quota on Imports of a Popular

question 5

Multiple Choice

If a government imposes a quota on imports of a popular doll, the price of the doll in the country ________ and the quantity purchased in the country ________.

• A)rises; increases
• B)rises; decreases
• C)falls; increases
• D)falls; decreases
• E)rises; does not change

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Definitions:

Skill-Based Pay

A method of compensation where employees are paid based on the skills and knowledge they possess, rather than their job title or status.

Developing Issues

Emerging problems or challenges that are in the process of becoming more prominent or severe.

Output-Related Pay

Compensation that varies depending on the quantity or quality of work produced by an employee.

Key Conditions

Essential factors or requirements necessary for a particular event, process, or outcome to occur.