Countries Often Impose Import Quotas on Foreign Goods to Reduce

question 93

Multiple Choice

Countries often impose import quotas on foreign goods to reduce competition for domestic industries.

• A)disintermediation
• B)protectionism
• C)world-centrism
• D)a political asylum
• E)synergistic manipulation

---

Definitions:

Income

The money received, typically on a regular basis, for work or through investments.

Budget Constraint

Represents the combinations of goods and services that a consumer can afford to buy with their limited income.

Black Bean

A type of legume that is dense in nutrition, widely consumed around the world, often in salads, soups, and traditional dishes.

Budget Constraint

The limitation on the purchase of goods and services that results from a given income and the prices of those goods and services.