Which of the Following Is the Best Example of a Quota

question 54

Multiple Choice

Which of the following is the best example of a quota?

• A)a subsidy from the U.S.government to domestic manufacturers of residential air conditioners to enable them to compete more effectively with foreign producers
• B)a limit on the quantity of residential air conditioners that can be imported from a foreign country
• C)a $150 fee imposed on all imported residential air conditioners
• D)a tax placed on all residential air conditioners sold in the domestic market to help offset the impact of emissions on the environment

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Definitions:

Income Received

It refers to the total amount of money obtained by individuals or entities typically through employment, investments, or other sources.

Upper Quintiles

Refers to the top 20% of a population in terms of income or wealth distribution.

Line L

Represents the relationship between the quantity of labor hired and the amount of output produced, often used in economics to illustrate productivity.

Income Received

The total amount of money received by an individual or entity during a specified time frame, from all sources.