A Limit on the Amount of a Particular Good That

question 22

Multiple Choice

A limit on the amount of a particular good that may be brought into a country during a given period of time is called a(n)

• A) import duty.
• B) import deficit.
• C) trade embargo.
• D) import tariff.
• E) import quota.

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Definitions:

Chunking

A cognitive strategy for making more efficient use of short-term memory by grouping related items together into a single unit or "chunk."

Short-Term Memories

The phase of memory where small amounts of information can be kept active for a brief period.

Decay Hypothesis

The theory that information is gradually forgotten over time due to the simple passage of time, assuming no attempt to retain it.

Rehearsal

The cognitive process of repeatedly practicing or reviewing information to aid in its retention in memory.