In international trade, what is a quota?
A) a guarantee by one country to buy some minimum amount from another
B) a quantitative limit on the amount of a product that can be imported or exported
C) a countertrade arrangement that establishes the value of imports and exports
D) a bilateral agreement calling for mutual access to markets
Correct Answer:
Verified
Q74: What is the main motive for countries'
Q75: In addition to protection, tariffs serve to
Q76: What is the primary difficulty associated with
Q77: An import license is _.
A)an agreement whereby
Q78: Which term refers to a tariff or
Q80: The U.S.catfish industry successfully petitioned the U.S.government
Q81: Which of the following is typically NOT
Q82: Agricultural subsidies by developed countries impede the
Q83: List and define the types of nontariff
Q84: Governments sometimes prohibit operations of private companies,
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