The United States Has Placed a Limit on the Amount

question 66

Multiple Choice

The United States has placed a limit on the amount of oil that can be imported.This is an example of a(n)

• A) import quota.
• B) tariff.
• C) voluntary export restraint.
• D) import subsidy.
• E) export subsidy.

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Definitions:

Warranty

A guarantee provided by a seller regarding the condition of a product and the promise of repair or replacement if necessary.

Contract

A legally enforceable agreement between two or more parties with clear terms and conditions.

Breach

The act of violating a law, obligation, standard, or duty, often resulting in legal consequences or termination of agreements.

Warranty Authority

An assurance or guarantee provided by one party to another, typically regarding the quality or condition of a product or service.