If a Quota Is Placed on a Good,then Imports of the Good

question 101

Multiple Choice

If a quota is placed on a good,then imports of the good _________,domestic production of the good _________,and domestic consumption of the good _________.

• A) increase;increases;increases
• B) increase;increases;decreases
• C) increase;decreases;decreases
• D) decrease;decreases;decreases
• E) decrease;increases;decreases

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Definitions:

HCl

Hydrochloric acid, a strong corrosive acid that is used in chemical synthesis and as a digestive aid in the human stomach.

Hydrogen

Hydrogen is a chemical element with the symbol H and atomic number 1, known as the lightest element in the periodic table and a primary component of water.

Water

A transparent, tasteless, odorless, and nearly colorless chemical substance that is the main constituent of Earth's streams, lakes, and oceans.

Potassium

A soft, silvery-white metallic element, very reactive, especially in water, and essential for plant and animal life.