An Import Quota Is

question 117

Multiple Choice

An import quota is

• A)a tariff that is a fixed percentage of the price of a good.
• B)a tariff that is a fixed dollar amount per unit of a good.
• C)an agreed upon price for a good to be imported at a specified future date.
• D)a restriction that specifies the maximum amount of a good that may be imported.
• E)the same as an export subsidy.

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Definitions:

Role Ambiguities

The uncertainty or lack of clarity about the expectations, responsibilities, or duties associated with a particular role.

Resource Scarcities

A situation where there is an insufficient availability of resources to meet the demands of a population.

Win-lose Competition

A competitive situation where one party's gain is directly proportional to another party's loss.

Uncooperative

Describes behavior or actions that are not supportive or helpful towards others or a common goal.