Which of the following is an example of a quota?
A) limit on the total number of Hondas that can be imported from Japan
B) regulation specifying that each imported Honda must meet certain emission exhaust guidelines
C) tax of $500 on each Honda imported from Japan
D) tax of 10% of the value of each Honda imported from Japan
Correct Answer:
Verified
Q3: A tax imposed by a country on
Q4: International trade has the potential to
A) increase
Q11: How will a recession in Japan affect
Q11: What is a tariff?
A)a restriction on exports
B)a
Q12: Suppose economic agents are increasingly concerned about
Q13: A ceiling imposed by a country on
Q16: If compared to Akerji, Bunyan can produce
Q18: Which of the following is possible with
Q20: Which of the following statements is true
Q21: Between 1965 and 2007, world exports have
A)declined
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