How Will an Export Quota Imposed by a Large Exporting

question 92

Multiple Choice

How will an export quota imposed by a large exporting country affect the world price?

• A) It will cause an increase in the world price.
• B) It will cause a decrease in the world price.
• C) It will have no effect upon the world price.
• D) It will first cause an increase, then a decrease the world price.

---

Definitions:

Community

A group of people living in the same place or having a particular characteristic in common, often sharing a sense of belonging and mutual support.

Primary Group

A small social group whose members share personal and enduring relationships, often characterized by long-term, emotional connections.

Co-workers

Individuals who work together in the same organization or workplace.

Family

Family denotes a social and biological unit consisting of parents and their children, and often extended to include relatives, bound by kinship, emotional ties, or legal obligations.