An Import Quota Is Similar to a ________ in Its

question 4

Multiple Choice

An import quota is similar to a ________ in its effect on imports,except that an import quota ________.

• A) tariff; does not generate revenue
• B) tariff; generates revenue
• C) subsidy; does not generate revenue
• D) subsidy; generates revenue
• E) tariff; does not result in an efficiency loss.

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Definitions:

Nervous System

The network of nerve cells and fibers that transmits nerve impulses between parts of the body.

Sensation

The process by which our sensory receptors and nervous system receive stimuli from our environment, an initial step in perception.

Cornea

The transparent front part of the eye that covers the iris, pupil, and anterior chamber, contributing to the eye's ability to focus.

Lens

in psychology, it often refers to the perspective or viewpoint through which an individual sees and interprets the world.