To Be Effective, an Import Quota Must

question 171

Multiple Choice

To be effective, an import quota must

• A)reduce the price and increase the quantity of imports
• B)set the price of the imported good higher than the domestic equilibrium price
• C)restrict imports to less than would be imported under free trade
• D)restrict imports to less than exports in trade with that particular country
• E)be directed at the product of a specific country

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Definitions:

Receptors

Proteins located on the cell surface or within cells that bind specific molecules (ligands), triggering a biological response.

Cyclic Adenosine Monophosphate

A second messenger important in many biological processes, derived from ATP and used for intracellular signal transduction.

Glucocorticoid

A class of steroid hormones that play a role in regulating metabolism, immune response, and stress response, produced in the adrenal cortex.

Estrogen

A group of hormones that play a key role in the development and regulation of the female reproductive system and secondary sex characteristics.