The USRestricts the Import of Peanuts to a Maximum of 1

question 76

Multiple Choice

The U.S.restricts the import of peanuts to a maximum of 1.7 million pounds per year to protect the price that domestic producers can charge.This is an example of a(n) ________.

• A) import subsidy
• B) embargo
• C) import quota
• D) import tariff
• E) restrictive import standard

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Definitions:

Organisational Change

Refers to the process through which a company or organization goes through a transition to achieve a desired state, often involving a shift in operations, structure, or strategy.

Creativity

The ability to generate novel and valuable ideas or solutions to problems.

Innovation

The process of creating new ideas, products, or methods, or the improvement of existing ones, which significantly affect markets or societies.