A Maximum Limit Set on the Amount of a Specific

question 107

Multiple Choice

A maximum limit set on the amount of a specific good that may be imported into a country over a given period of time is called a

• A)tariff.
• B)quota.
• C)nontariff barrier.
• D)voluntary export restriction.

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Definitions:

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how much the values in a data set differ from the mean.

Elementary School

An educational institution where children receive the first stage of compulsory education known as primary or elementary education.

Standard Deviation

A statistic that measures the dispersion of a dataset relative to its mean, used to quantify the amount of variation or spread in a set of data values.

Sampling Distribution

A statistical distribution that outlines the probabilities of a certain statistic coming from a random sample.