An Import Quota Is an Example of

question 77

Multiple Choice

An import quota is an example of

• A) a price ceiling.
• B) a price floor.
• C) a queuing device.
• D) a quantity restriction.

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Definitions:

Valid Argument

A logical argument where, if the premises are true, the conclusion necessarily follows, demonstrating sound reasoning.

Deductive Arguments

A form of reasoning where the conclusion logically follows from the given premises, ensuring that if the premises are true, the conclusion must also be true.

Four Premises

The foundational statements or propositions that form the basis of an argument or reasoning.

Valid Argument

An argument where, if the premises are true, the conclusion necessarily follows.