A Quota Is

question 48

Multiple Choice

A quota is

• A)a specified maximum amount that can be imported.
• B)a specified minimum amount that must be imported.
• C)the minimum amount that domestic firms can dump.
• D)a tax on imports.
• E)a tariff on exports.

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Definitions:

Equation

A mathematical statement that asserts the equivalence of two expressions, represented by the symbol =.

Equation

A mathematical statement that two expressions are equal, typically involving variables and constants.

Solve

The process of finding the value(s) of the variable(s) that satisfy an equation, inequality, or system of equations.

Synthetic Division

A simplified method of dividing polynomials, especially useful for dividing by linear factors.