An import quota is
A) a tariff that is a fixed dollar amount per unit of a good.
B) a tariff that is a fixed percentage of the price of a good.
C) a restriction that specifies the maximum amount of a good that may be imported.
D) an agreed upon price for a good to be imported at a specified future date.
Correct Answer:
Verified
Q57: The winners from a tariff on imports
Q58: The Smoot-Hawley Act was enacted in
A) 1980.
B)
Q59: Q60: Tariffs Q61: A difference between a quota and a Q63: Which of the following best describes the Q64: An import quota directly restricts_ and are Q65: The effect of an import quota is Q66: A tariff is Q67: Of the following, in which decade were
A) generate revenue for the government.
B) generate
A) a government imposed limit
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