A Government-Imposed Restriction on the Quantity of a Specific Good

question 34

Multiple Choice

A government-imposed restriction on the quantity of a specific good that may be imported to and sold in the United States is called a

• A) tariff system.
• B) quota system.
• C) reverse-trade system.
• D) union trade system.

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Definitions:

Ultimate Concern

A term describing something that is of utmost importance or the deepest value to an individual, often referring to existential or philosophical concerns.

Distress

Extreme anxiety, sorrow, or pain; a negative stress response that can lead to physical and psychological problems.

Structure

The arrangement and organization of components within a system or a piece of work, which defines its composition and function.

Nervousness

A feeling of agitation or anxiety, often related to apprehension about current or future events.