The Effect of an Import Quota Is to

question 164

Multiple Choice

The effect of an import quota is to

• A) increase the supply of the good and lower its price.
• B) increase the supply of the good and increase its price.
• C) increase the demand for the good and increase its price.
• D) decrease the supply of the good and raise its price.

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Definitions:

Financial

Pertaining to money management and the process of acquiring, saving, investing, and spending funds.

Older Parents

Individuals who become parents at a later age, often considered to be over the age of 35 for biological parenting.

Positive Parenting Behaviors

Parenting practices that are supportive, encouraging, and responsive to children's needs, promoting their emotional, social, and cognitive development.

Cognitive Development

The process of growth and change in intellectual capabilities that occurs as a person ages, including thinking, problem-solving, and decision-making abilities.