Which of the Following Is NOT an Effect of an Import

question 166

Multiple Choice

Which of the following is NOT an effect of an import quota imposed by a small nation?

• A) It raises producer prices.
• B) It generates revenue for the nation.
• C) It causes more production by domestic industries.
• D) It causes a reduction in imports of the product.

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Definitions:

Industrial Revolution

The period of major industrialization that took place during the late 1700s and early 1800s, changing economies, societies, and cultures through the introduction of machinery.

Improved Standards

Enhancements or upgrades to guidelines, practices, or benchmarks that elevate the quality and efficiency of processes, products, or systems.

Technology

Technology encompasses the collection of tools, machines, modifications, arrangements, and procedures used by humans to solve problems, perform tasks and achieve specific objectives.

Energy Input

The amount of energy required to produce a given level of output or to perform a specific task.