Question

if a country were to place a limit on the number of cars that could be imported in a year, it would be an example of what kind of trade regulation?
a) subsidy
b) currency control
c) quota
d) tariff
question 18 (5 points)
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which of the following is taken into account when assessing the official poverty level?
a) food stamps
b) medical benefits
c) housing assistance

Explanation:

• For the first question:
• A quota is a trade regulation that limits the quantity of a good (in this case, cars) that can be imported.
• A subsidy is a financial aid given to domestic producers, not a limit on imports.
• Currency control is related to managing a country's currency, not import quantity.
• A tariff is a tax on imports, not a quantity limit.
• For the second question:
• The official poverty level in the United States is based on pre - tax cash income. Non - cash benefits like food stamps (Supplemental Nutrition Assistance Program - SNAP), medical benefits (Medicaid), and housing assistance are not included in the calculation of the official poverty level.

Answer:

1. C. Quota
2. None of the options (A, B, C) are taken into account when assessing the official poverty level as it is based on pre - tax cash income.