An import license is:
A) a requirement that importers obtain a license in order to engage in international trade.
B) a quantity restriction on imports that is negotiated with the foreign exporting country to freely restrict its exports.
C) the use of government policy to protect domestic businesses from foreign competition.
D) a tax on imports.
Correct Answer:
Verified
Q69: _ is a tax on imports that
Q70: _ is a quantity restriction on imports
Q71: _ is a law that requires importers
Q72: _ is a quantity restriction on imports
Q73: A voluntary export agreement is:
A) a requirement
Q75: A quota is:
A) a requirement that importers
Q76: A tariff is:
A) a requirement that importers
Q77: Which of the following situations is an
Q78: Which of the following situations is an
Q79: Which of the following situations is an
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