An Example of an Import Quota Is A

question 44

Multiple Choice

An example of an import quota is a:

• A) limit on the total number of Honda automobiles imported from Japan.
• B) regulation specifying that each imported Honda automobile must meet certain emission exhaust guidelines.
• C) tax of 10% of the value of each Honda automobile imported from Japan.
• D) subsidy from the Japanese government of $500 for each Honda automobile imported into Canada.

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Definitions:

Median

The middle value in a data set, which divides the set into two equal halves.

Mean

The arithmetic average of a set of numbers, found by dividing the sum of all values by the number of values.

Mean

The mean of a collection of numbers, determined by summing up all the numbers and then dividing by the total number of values.

Set of Data

A collection of values or observations, possibly in a structured format, representing information.