An Import Quota Is a Limit on the

question 374

Multiple Choice

An import quota is a limit on the

• A) number of foreign workers allowed to work in a country.
• B) number of container ships allowed to enter the territorial waters of the United States.
• C) value of low-priced foreign goods that are allowed to be imported into the United States.
• D) amount of a product that may be imported.

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Definitions:

Cost Of Capital

The rate of return a company must earn on its investments to maintain its market value and attract funds.

Lump Sum

A one-time payment made for a particular purpose, rather than recurring payments over time.

Future Value

The amount of money an investment is expected to grow to over a period of time when interest or dividends are reinvested.