Which of the Following Is the Best Example of a Quota

question 10

Multiple Choice

Which of the following is the best example of a quota?

• A) a tax placed on all small cars sold in the domestic market
• B) a limit imposed on the number of men's suits that can be imported from a foreign country
• C) a subsidy from the U.S. government to domestic manufacturers of men's suits so they can compete more effectively with foreign producers of men's suits
• D) a $100-per-car fee imposed on all small imported cars

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Definitions:

Hamilton

Hamilton is most commonly associated with Alexander Hamilton, one of the Founding Fathers of the United States, known for his role in drafting the Constitution and as the first Secretary of the Treasury.

IRS

The Internal Revenue Service, a U.S. government agency responsible for tax collection and tax law enforcement.

Business Days

Refers to the standard days in a week (excluding weekends and public holidays) considered as working days for conducting business.

Deposit

A sum of money placed in an account or given as security for a financial transaction or agreement.