An Effective Import Quota

question 59

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 tax revenues
• E)lowers the quantity demanded of the imported good

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Definitions:

Common Stock

A kind of ownership stake in a company that allows holders to participate in voting on company issues and to earn dividends.

Dividends Per Share

The total dividends declared by a company for each share of common stock owned.

Cumulative Preferred Stock

A type of preferred stock that entitles its holder to dividends that, if not paid, accumulate and must be paid out before any dividends can go to common stockholders.

Common Stock

A type of equity security that represents ownership in a corporation, providing voting rights and a share in the company's profits via dividends.