A government-imposed restriction on the quantity of a specific good that another country is allowed to sell in the U.S. is
A) a regional trade bloc.
B) an import quota.
C) a voluntary import expansion.
D) a voluntary restraint agreement.
Answer: B
Economics
You might also like to view...
With a home monopolist, the imposition of a tariff results in:
a. a higher deadweight loss than a quota. b. a higher price for consumers than a quota. c. a lower deadweight loss than a quota. d. the same welfare effects as a quota.
Economics
In pursuing a strategy of monetary targeting, the central bank announces that it will achieve a certain value (the target) of the annual growth rate of a ________
A) a monetary aggregate B) a reserve aggregate C) the monetary base D) GDP
Economics