An Import Quota

question 36

Multiple Choice

An import quota

• A) is a price ceiling imposed on an imported good.
• B) is a price floor imposed on an imported good.
• C) is a supply restriction limiting the quantity of a good that can be imported.
• D) is a legislative requirement stating that firms which import some of their merchandise must hire a certain number of immigrant workers.

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Definitions:

Job Analysis

The process of studying and collecting information about the content and human requirements of jobs, as well as the context in which jobs are performed.

Market Analysis

An in-depth examination of the market conditions for a product or service, including competition, demand, and trends.

Job Analysis

The process of examining and assessing a job's content and the qualifications needed, to determine job requirements and expectations.