An Import Quota Is

question 62

Multiple Choice

An import quota is

• A)a fixed fee that an importing firm must pay the domestic government in order to have the legal right to sell the product in the domestic market.
• B)the fee an importing firm must pay to the domestic government on each unit it brings into the domestic market.
• C)a restriction limiting the quantity of imported goods that can legally enter a domestic market.
• D)none of the statements associated with this question are correct.

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Definitions:

Major Argument

A key or central point made in a discussion, debate, or piece of writing that supports the main conclusion or proposition.

Occupational Segregation

The division of labor based on demographic characteristics, such as gender or ethnicity, resulting in unequal job distribution.

Employment Discrimination

An illegal practice where individuals are unfairly treated or not given equal opportunities in the workplace based on characteristics such as race, gender, age, or religion.

African Americans

A racial or ethnic group in the United States with origins in any of the Black racial groups of Africa.