Import Quotas

question 104

Multiple Choice

Import quotas

• A) are the same as tariffs.
• B) set the maximum number of units of a good that can be imported.
• C) are not used by the United States.
• D) set the minimum percentage of the value of a product that must consist of imported components.

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Definitions:

Confidence Interval

A set of numbers from sample-derived statistics, believed to hold the value of an unnoticed population parameter.

Z-values

Statistical measures that represent the number of standard deviations an element is from the mean.

Confidence Interval

A range of values, derived from a sample, that is expected, with a particular probability, to contain the actual value of an unknown population parameter.

Sample Size

The total number of observations or data points collected in a statistical study.