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.

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Definitions:

Home Country Laws

The regulations and legal framework that govern the operations of businesses and individuals within a country's borders.

Sweatshops

Businesses that employ workers at very low wages for long hours in poor working conditions.

Executives

Senior-level employees responsible for making decisions and managing the operations within an organization.

Transnationals

Companies that operate on a global scale, transcending national boundaries in their business operations and strategic planning.