A legal limit on the amount of a commodity that can be imported is known as:
A) an ad valorem tariff.
B) an import quota.
C) an import concession.
D) an import substitution.
E) a specific tariff.
Correct Answer:
Verified
Q70: The following graph shows the supply of
Q71: The following graph shows the demand for
Q72: Quotas are favoured over free international trade
Q73: The following graph shows the supply of
Q74: Economists argue that U.S.government can earn federal
Q76: The following graph shows the supply of
Q77: The following graph shows the supply of
Q78: The following image shows the market for
Q79: The following graph shows the supply of
Q80: The following graph shows the demand for
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents