A ________ Is a Numerical Limit on the Quantity of a Good

question 39

Multiple Choice

A ________ is a numerical limit on the quantity of a good that may be imported into a country during some time period.

• A) quota
• B) numerical export control
• C) voluntary export restraint
• D) regulatory control

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Definitions:

LLLP

stands for Limited Liability Limited Partnership, a form of partnership that combines the elements of limited partnerships and limited liability partnerships, providing limited liability to all its partners.

General Partner

A member of a partnership who has unlimited personal liability for the debts and obligations of the partnership, and who has the authority to act on behalf of the partnership in management matters.

Limited Partnership

A form of partnership consisting of at least one general partner who manages the business and is personally liable for partnership debts, and one or more limited partners who provide capital and whose liability is limited to the amount of their investment.

Share of Loss

The portion of financial loss attributed to a participant in a business or investment venture, proportional to their stake or agreement terms.