The Maximum Amount of a Good That May Be Imported

question 99

Multiple Choice

The maximum amount of a good that may be imported during a specified period of time is called

• A) dumping.
• B) comparative advantage.
• C) an infant industry agreement.
• D) an import quota.

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Definitions:

British Rule

British Rule refers to the period of history when various parts of the world were governed and administrated by Britain, including the colonial period in America ending with the Revolutionary War.

Eighteenth Century

The eighteenth century spans the years from January 1, 1701, to December 31, 1800, and is marked by the Enlightenment, industrial innovations, and significant political revolutions in America and France.

Colonial Town

A settlement established by colonizing countries during the period of exploration.

Strong Influence

A significant impact or authority that one entity or factor has over others, shaping decisions, behaviors, or outcomes.