Quotas Are a Much Greater Threat to Competition Than Are

question 85

True/False

Quotas are a much greater threat to competition than are tariffs because quotas preclude additional imports at any price.
A tariff does not place a physical limit on the quantity of a good coming into the country while a quota does.

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Definitions:

Extensor Carpi Radialis

A muscle of the forearm that extends and abducts the wrist.

Biceps Brachii

A large muscle in the upper arm responsible for forearm rotation and flexion of the elbow.

Flexor of Forelimb

Muscles responsible for bending joints and allowing the forelimb to flex.

Pectoralis Group

A collection of muscles in the chest that include the pectoralis major and pectoralis minor, critical for the movement of the shoulder and arm.