A quota is:
A) a type of tax imposed on imports
B) a physical limit on the quantity of internationally traded goods
C) a physical limit on the tax level on internationally traded goods
D) a tool to encourage imports into a country
Correct Answer:
Verified
Q47: A multilateral approach to free trade has
Q48: A multilateral approach to free trade is
Q49: A country is deemed to have a
Q50: Trade among nations is ultimately based on:
A)absolute
Q51: If a country allows trade and the
Q53: When a quota is imposed on a
Q54: The world price is:
A)the price that arises
Q55: Comparative advantage refers to:
A)a situation where the
Q56: Tariffs and import quotas have the following
Q57: Indonesia and Australia engage in international trade
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