An import license is ________.
A) an agreement whereby one country gives another country permission to use a patent that a company has registered there
B) a requirement that exporters take merchandise in lieu of money as payment for their sales
C) a requirement that permission be secured from governmental authorities before importation can be undertaken
D) a government prohibition of imports from a specific country
Correct Answer:
Verified
Q72: A voluntary export restriction (VER)refers to _.
A)an
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Q79: In international trade, what is a quota?
A)a
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