In international commerce, a quota refers to
A) a government tax on products or services entering a country that primarily serves to raise prices on imports.
B) government payments to companies or industries that serve to lower costs and provide a competitive advantage to domestic industries.
C) a restriction placed on the amount of a product allowed to enter or leave a country.
D) a minimum requirement for the purchase of specific products or services between two nations.
E) a refusal to purchase or exchange products or services with another nation unless certain financial or ideological requirements have been satisfied.
Correct Answer:
Verified
Q19: Which of the following statements about the
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Q21: Recently, the United States imposed a 35
Q22: Whirlpool asked the United States to impose
Q23: Arguments in favor of protectionism include that
Q25: Government taxes on products or services entering
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Q27: The U.S. Rice Millers' Association claims that
Q28: A restriction placed on the amount of
Q29: Tariffs refer to
A) government payments to companies
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