An Import Quota Is a

question 94

Multiple Choice

An import quota is a

• A)legal limit on the quantity of a good that can be imported per year
• B)legal requirement that a specified percentage of a final good's value must be produced domestically
• C)legal requirement that exports to a certain country must exceed a specified value before that country's product may be imported
• D)percentage tax on an imported product
• E)lump-sum tax on an imported product

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Definitions:

Risk-free Return

The theoretical return on an investment with no risk of financial loss, typically associated with government bonds.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, used in finance to gauge the return volatility of an investment.

Defined Contribution Plan

A type of retirement plan where the employee and/or employer contribute a set amount to the employee's individual account during their employment years.

Risk-free Return

The theoretical return of an investment with zero risk, typically associated with government bonds.