An import quota specifies the
A) maximum amount of a good that may be imported during a specified period.
B) minimum amount of a good that may be imported during a specified period.
C) amount of taxes that must be paid on any imported good.
D) price that can be charged for any imported good.
Correct Answer:
Verified
Q66: A tariff is
A) a government imposed limit
Q84: An import quota specifies the
A) maximum quantity
Q85: Import quotas _ the price of imported
Q87: If a government imposes a quota on
Q88: Tariffs _ the domestic price of the
Q90: Import quotas
A) are a tax on an
Q91: A key difference between a quota and
Q92: An import quota is a
A) law that
Q93: Economists usually agree with which of the
Q94: Who benefits from a tariff on a
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