Import quotas
A) are a tax on an imported good.
B) encourage freer trade.
C) set the minimum percentage of the value of a good that can consist of imported components.
D) set the number of units of a good that can be imported.
Correct Answer:
Verified
Q66: A tariff is
A) a government imposed limit
Q85: Import quotas _ the price of imported
Q87: If a government imposes a quota on
Q88: Tariffs _ the domestic price of the
Q89: An import quota specifies the
A) maximum amount
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
Q95: A difference between a quota and a
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