An import quota
A) is a price ceiling imposed on an imported good.
B) is a price floor imposed on an imported good.
C) is a supply restriction limiting the quantity of a good that can be imported.
D) is a legislative requirement stating that firms which import some of their merchandise must hire a certain number of immigrant workers.
C
You might also like to view...
Did Mother Teresa create negative externalities when she helped the poor of Calcutta?
A) Yes, if her activities unintentionally imposed costs on others, such as upsetting people who don't believe in charity for the poor. B) No, because she strove only to do good, not bad. C) No, because her activities were accomplished in a state of grace. D) No, because her activities were altruistic. E) B, C, D, are all correct.
Why is it likely that a market economy will perform better than a command economy?
What will be an ideal response?