An import quota is a
A) tariff imposed on goods that are dumped in the country.
B) law that prevents ecologically damaging goods from being imported into a country.
C) market-imposed balancing factor that keeps prices of imports and exports in equilibrium.
D) government-imposed restriction on the quantity of a specific good that can be imported.
Correct Answer:
Verified
Q66: An import quota is
A) a tariff that
Q67: The Smoot-Hawley Act
A) made most tariffs illegal.
B)
Q68: Average tariff levels in the United States
Q69: Q70: The Smoot-Hawley Act introduced Q72: The current U.S. average tariff rate Q73: Which of the following best describes the Q74: Of the following, in which decade were Q75: The Smoot-Hawley Act was enacted in Q76: An import quota specifies the
A) opportunities for expanding
A) less
A) 1980.
B)
A) highest price
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