A ________ Limits the Quantity of Imported Merchandise, Thus Minimizing

question 45

Multiple Choice

A ________ limits the quantity of imported merchandise, thus minimizing competition faced by domestic products.

• A)tariff
• B)duty
• C)trading bloc
• D)trade agreement
• E)quota

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Definitions:

Stringent Quality

The application of highly rigorous and tight quality control standards and measures to ensure products or services meet exact specifications and customer expectations.

Small Quantity

Refers to a lower volume or number of items, often used in the context of purchasing or production, where the focus is on limited or specialized orders.

In-House

Refers to activities performed within an organization by its own staff and resources, rather than being outsourced.

Technical Expertise

Involves specialized knowledge or skills in a specific field or technology, allowing for enhanced performance and problem-solving.