An Import Quota Specifies

question 95

Multiple Choice

An import quota specifies

• A) the amount of funds that can be paid for any imported good.
• B) the amount of taxes that must be paid on any imported good.
• C) the maximum amount of an item that may be imported during a specified period.
• D) the minimum amount of an item that may be imported during a specified period.

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Definitions:

Montgomery Bus Boycott

A pivotal civil rights protest in 1955-1956 in Montgomery, Alabama, where African Americans refused to ride city buses to protest segregated seating, significantly advancing the civil rights movement.

American Belief

The set of values and principles that are generally held by the American people, including liberty, democracy, and equality.

Individualism

A social theory favoring freedom of action for individuals over collective or state control.

Democratic Character

The qualities, features, or aspects that constitute a democratic society, including openness, equality, and participation in governmental decision-making.