-Assuming There Is No Tariff,the Imposition of the Import Quota

question 28

Multiple Choice

-Assuming there is no tariff,the imposition of the import quota:

• A)will increase the revenue of the Canadian government by areas G + H
• B)will increase the revenue of the Canadian government by areas E + F + G + H + J
• C)leads to an extra revenue to foreign producers equal to areas G + H, which partly counteracts the loss they bear because of lower quantities supplied
• D)will increase the revenues of foreign producers by area E
• E)will increase the revenues of foreign producers by area F + J

---

Definitions:

Perception

The process by which sensory information is organized, interpreted, and consciously experienced, influencing how we understand our environment.

Sensation

The process of sensing our environment through touch, taste, sight, sound, and smell.

Encoding

The processing of information into the memory system—for example, by extracting meaning.

Detection

The act or process of discovering or identifying the existence of a particular object, signal, or condition.