Multiple Choice
Which of the following is the best example of a quota?
A) a subsidy from the government to domestic manufacturers of tires to enable them to compete more effectively with foreign producers
B) a limit on the quantity of tires that can be imported from a foreign country
C) a 40% fee imposed on all imported tires
D) a tax placed on all tires sold in the domestic market to help offset the impact of lost jobs in the domestic tire industry
Correct Answer:
Verified
Correct Answer:
Verified
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