An import quota is
A) a tariff that is a fixed percentage of the price of a good.
B) a tariff that is a fixed dollar amount per unit of a good.
C) an agreed upon price for a good to be imported at a specified future date.
D) a restriction that specifies the maximum quantity of a good that may be imported in a given time period.
E) the same as an export subsidy.
Correct Answer:
Verified
Q83: Refer to the figure below to answer
Q84: Import quotas _ the price of imported
Q85: Import quotas and tariffs both
A)decrease deadweight loss.
B)cause
Q86: A key difference between tariffs and import
Q87: A tariff on watches which are imported
Q89: _ specifies the maximum quantity of a
Q90: Of the following,in which decade were Canada's
Q91: The introduction of a tariff _ consumer
Q92: If a government imposes a quota on
Q93: An import quota is a
A)tariff imposed on
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