Quotas That Limit the Quantity of Imports of a Foreign

question 42

Multiple Choice

Quotas that limit the quantity of imports of a foreign good provide an incentive for foreign suppliers to: Which of the above statements are true?
I.Provide higher quality goods.
II.Seek more open markets elsewhere.
III.Lower prices to be more competitive.
IV.Stop all trade with the country imposing the quotas.

• A)I and II.
• B)I and III.
• C)II and IV.
• D)I,III,and IV.
• E)III only.

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Definitions:

Glands

Organs in the body that secrete hormones or other substances directly into the blood or onto a surface.

Protein Synthesis

The process by which cells build proteins using instructions encoded in genes, involving transcription and translation stages.

Sensory Input

Information gathered by the sensory organs that is then sent to the brain for processing.

Synapses

The junctions through which neurons signal to each other or to non-neuronal cells, allowing the transmission of electrical or chemical signals.