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:

Financial Division

A department within a company that handles all financial functions, including accounting, financial reporting, budgeting, and investment planning.

Monetary Forecasts

Predictions regarding the future financial state or economic conditions of a business or the economy, based on current trends and data.

Investment Decisions

The process of deciding where to allocate funds in order to generate the highest possible returns while managing risks.

Shareholder Relations

Activities and policies used by a corporation to communicate, engage, and manage its relationship with its shareholders.