A Limit on How Much a Firm Can Export to a Foreign

question 22

Multiple Choice

A limit on how much a firm can export to a foreign country is called a(n)

• A)import tax.
• B)tariff.
• C)quota.
• D)dumped supply.

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Definitions:

Functionalism

A theoretical perspective in sociology and psychology that focuses on the roles or functions that an institution, behavior, or mental state serves in society or an organism.

Adaptive Value

The extent to which a trait or behavior increases the survival and reproduction chances of an organism in its environment.

Mental Processes

Internal cognitive operations that include thinking, perceiving, problem-solving, and remembering.

Ethical Principles

Fundamental guidelines or beliefs that govern the behavior and decision-making of individuals and organizations.