A quota is a
A) restriction on how much a customer can buy of a scarce good imposed by the seller.
B) quantitative restriction on an import imposed by the importing country.
C) quantitative restriction on an import imposed by the exporting country.
D) trade barrier that does not harm domestic consumers of the good or service.
E) tax that is imposed on a good when it crosses an international boundary.
Correct Answer:
Verified
Q69: Suppose the world price of a shirt
Q70: Since the mid-1970s, the average U.S. tariff
Q71: After a nation starts importing a good
Q72: If you buy a DVD player produced
Q73: Who gains from international trade?
A)both the importing
Q75: Which of the following is the national
Q76: A flawed argument for protection from foreign
Q77: Most t-shirts bought by Americans are made
Q78: When a country exports a good because
Q79: When governments specify the maximum amount of
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