An Effective Import Quota

question 38

Multiple Choice

An effective import quota:

• A)lowers the price of imports.
• B)lowers the price of domestic goods competing with imports.
• C)increases the variety of goods available to the consumer.
• D)increases federal revenues.
• E)lowers the quantity of the imported good.

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Definitions:

Pilots

Trained individuals who operate the flight controls of an aircraft.

Illegal Immigrants

People who enter or reside in a country without the necessary legal permissions or who overstayed their visas.

Economic Strategies

Plans or policies implemented by governments or businesses to influence and guide the economy towards desired goals such as growth, stability, or equity.