Which of the Following Are Limitations on the Quantity of Certain

question 148

Multiple Choice

Which of the following are limitations on the quantity of certain types of goods that can be imported over a period of time?

• A) subsidies
• B) embargo levels
• C) export quotas
• D) import quotas

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Definitions:

Balance Surplus

A situation in which income or receipts exceed expenditures or outlays, often referring to a country's trade or fiscal balance.

Balance Deficit

A situation in financial accounts, particularly in national accounts, where total outflows exceed total inflows.

Capital and Financial Account

A component of a nation's balance of payments that covers the transfer of capital and financial assets across international borders.

Balance Surplus

An economic situation where the income or supply exceeds the expenditure or demand, leading to a surplus.