Suppose imports entering a nation under a quota limit of 8,500 tons of rice are charged a tariff of 15 percent, but subsequent imports of rice that do not make it under this quota limit are charged a tariff of 68 percent. This is an example of a(n) ________.

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This is an example of a tariff-quota, which is a trade policy instrument that combines a tariff and a quota limit. The tariff is lower for imports that fall under the quota limit, while imports exceeding the quota limit face a higher tariff. This type of policy is often used by governments to protect domestic producers while still allowing for some level of trade.

Suppose Imports Entering a Nation Under a Quota Limit of 8,500