If Canada Imposes an Import Quota on Bicycles,which Statement Would

question 117

Multiple Choice

If Canada imposes an import quota on bicycles,which statement would best predict the consequences?

• A) Canadian exports increase,imports increase,and net exports are unchanged.
• B) Canadian exports increase,imports decrease,and net exports increase.
• C) Canadian exports decrease,imports increase,and net exports decrease.
• D) Canadian exports decrease,imports decrease,and net exports are unchanged.

Understand the importance and process of capital budgeting in corporate finance.

Understand the influence of political/legal and economic changes on market opportunities.

Recognize the importance of staying in touch with customers and responding to marketplace changes.

Identify the objective of the product decision and the components of a strong product strategy.

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Definitions:

Federal Law

Laws passed by the national government of the United States that are applicable throughout the country.

Defense of Marriage Act

A now-invalidated US law that defined marriage as the union between one man and one woman for federal and inter-state recognition purposes.

U.S. Supreme Court

The highest federal court in the United States, consisting of nine Justices and having ultimate appellate jurisdiction over all federal and state court cases that involve a point of federal law.

Congress

The branch of the United States federal government responsible for creating laws, made up of the Senate and the House of Representatives.