Ask Question
BusinessBusiness
6 January, 23:18

An import quota

a. is a supply restriction limiting the quantity of a good that can be imported.

b. is a price floor imposed on an imported good.

c. is a price ceiling imposed on an imported good.

d. is a legislative requirement stating that firms which import some of their merchandise must hire a certain number of immigrant workers.

+4
Answers (1)
  1. 6 January, 23:29
    0
    The correct answer is letter "A": is a supply restriction limiting the quantity of a good that can be imported.

    Explanation:

    A quota for imports applies to set limits on the number of goods that can be imported into a country over time. Countries are using quotas to shield domestic companies. This limits the supply of those goods by imposing a top on foreign goods being imported, which keeps prices high so that domestic companies can still sell their goods at a fair price.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “An import quota a. is a supply restriction limiting the quantity of a good that can be imported. b. is a price floor imposed on an imported ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
A hospital's permanent accounting department and customer service department are examples of
Answers (1)
Anthony is starting a business and he is thinking about the costs associated with getting his business established because he does not have a lot of money to spend. Which form of ownership would cost Anthony the least to set up and why? a.
Answers (1)
Which one of these represents an indirect cost of financial distress? Court fees paid to a bankruptcy court Legal fees paid to bankruptcy attorneys Additional accounting fees incurred by a firm in preparation for a liquidation A firm's supplier
Answers (1)
Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the company's products, a football helmet for the North American market, requires a special plastic.
Answers (1)
You own a local coffeeshop. recently, you noticed that customers were doodling on your white paper cups. intrigued, you set up a contest, and asked your customers to submit their best doodles to you.
Answers (1)
New Questions in Business
During the year, Apex Co. sold an unprofitable component of the company. The component had a net loss from operations during the period of $150,000 and its assets sold at a loss of $100,000.
Answers (1)
York's outstanding stock consists of 65,000 shares of noncumulative 7.0% preferred stock with a $5 par value and also 110,000 shares of common stock with a $1 par value.
Answers (1)
A group of employees wishes to start a union is that lawful or unlawful explain
Answers (1)
Freddi buys bike shoes from Get n' Gear Store, telling the clerk that she wants the shoes tocompete in High Pace Triathlon. The shoes break apart during the competition, causing Freddi to beinjured in a fall.
Answers (1)
A company pays its employees $4,200 each Friday, which amounts to $840 per day for the five-day workweek that begins on Monday.
Answers (1)
Home » Business » An import quota a. is a supply restriction limiting the quantity of a good that can be imported. b. is a price floor imposed on an imported good. c. is a price ceiling imposed on an imported good. d.
Sign Up Forgot Password?