Available forms of import relief include:

Question

Quizplus · Accepted Answer

Absolute quotas limit the quantity of imports allowed into a country, auctioned quotas can provide revenue for the government while also limiting imports, and tariff increases can make imports more expensive and less competitive with domestically produced goods. Domestic subsidies, on the other hand, provide assistance to domestic producers and do not directly limit imports. Therefore, the most effective forms of import relief are a combination of absolute and auctioned quotas as well as moderate tariff increases.

Available Forms of Import Relief Include