A Quota Is a

question 23

Multiple Choice

A quota is a

• A) restriction on how much a customer can buy of a scarce good imposed by the seller.
• B) quantitative restriction on an import imposed by the importing country.
• C) trade barrier that does not harm domestic consumers of the good or service.
• D) tax that is imposed on a good when it crosses an international boundary.
• E) quantitative restriction on an import imposed by the exporting country.

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Definitions:

Hemispheres

Two halves of the brain, each responsible for different functions and controls opposite sides of the body.

Lung

A pair of respiratory organs located in the chest, involved in the process of oxygen exchange and carbon dioxide expulsion from the bloodstream.

Breathe

The process of taking air into and expelling it from the lungs, critical for oxygen exchange and carbon dioxide removal in the body.

Day

A period of 24 hours from midnight to midnight, serving as a basic unit of time universally recognized for organizing daily life and activities.