Solved

What Is the Defining Characteristic of an Effective Import Quota

Question 74

Multiple Choice

What is the defining characteristic of an effective import quota?  


A)  It reduces imports to zero. 
B)  It increases exports. 
C)  It reduces the price of an imported good below the world price. 
D)  It limits imports to less than what would be imported under free trade.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q69: Exhibit 19-5
Exhibit 19-5 </p></div><svg width=

Q70: Exhibit 19-8
Exhibit 19-8 </p></div><svg width=

Q71: What is the world price of a

Q72: Exhibit 19-5
Exhibit 19-5 </p></div><svg width=

Q73: Exhibit 19-6
Exhibit 19-6 </p></div><svg width=

Q75: Suppose a country imposes tariffs on all

Q76: What is the difference between a specific

Q77: Exhibit 19-5
Exhibit 19-5 </p></div><svg width=

Q78: What is an import quota?  
A) a tax

Q79: How does a tariff on an imported

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents