An Effective Import Quota Will

question 120

Multiple Choice

An effective import quota will

• A)increase the revenue received by the exporting nation
• B)eliminate all incentives for trade between nations
• C)reduce the quantity demanded of the imported good
• D)lead to a lower domestic price
• E)lead to a higher price in the exporting nation

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Definitions:

Unconscious

The part of the mind that is inaccessible to the conscious mind but that affects behavior and emotions.

Preconscious

According to Freud, area of the psyche that contains material from the unconscious before it reaches the conscious mind.

Collective Unconscious

According to Carl Jung, the wisdom accumulated by society over hundreds of years of human existence and stored in the memories of individuals.

Conscious

The state of being awake and aware of one's surroundings and having a sense of self.