Import Quotas

question 29

Multiple Choice

Import quotas

• A)are the same as tariffs.
• B)are not used by Canada.
• C)set the minimum percentage of the value of a product that must consist of imported components.
• D)benefit society.
• E)set the maximum number of units of a good that can be imported in a given time period.

---

Definitions:

Multiple Regression

An analytical approach to examining how a dependent variable is influenced by two or more independent variables.

Explanatory Variables

Variables in a statistical model that are used to explain variations in the dependent variable; also known as independent variables.

Statistical Significance

Indicates that the result of an analysis or experiment is unlikely to have occurred purely by chance, at a specified significance level.

SATM Scores

Scores from the math section of the SAT, a standardized test widely used for college admissions in the United States.