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:

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often at the expense of understanding or respecting other cultures.

Prejudice

A preconceived opinion that is not based on reason or actual experience.

Cultural Concepts

are the shared beliefs, norms, values, and practices that are learned and transmitted within a society, shaping its members' perspectives and behaviors.

Assertiveness

The quality of being self-assured and confident without being aggressive, enabling clear and effective communication.