Countries Might Impose A(n)________ in Response to the Threat of an Import

question 102

Multiple Choice

Countries might impose a(n) ________ in response to the threat of an import quota or total ban on a product by an importing nation.

• A) embargo
• B) ad valorem tariff
• C) compound tariff
• D) voluntary export restraint

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Definitions:

European Immigrants

Individuals who have moved from countries in Europe to settle in another country, often driven by factors like economic opportunity, conflict, or family reunification.

IQ Scores

Quantitative measures of a person's intelligence level, typically obtained through standardized tests.

Socioeconomic Status

Socioeconomic status is a combined measure that typically includes an individual's or family's income, education level, and occupation, influencing access to resources.

Economic Potential

The capacity of an individual, company, or country to generate goods or services that have value and can contribute to wealth.