Multiple Choice
Which of these is an example of a quota?
A) A tax of $2 is placed on every jar of jam that is imported.
B) European manufacturers of electrical equipment must convert their production processes to meet U.S. standards.
C) A maximum of 0.7 million pairs of jeans can be imported.
D) The government pays a $1 million subsidy to a manufacturer to help meet foreign competition.
Correct Answer:
Verified
Correct Answer:
Verified
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