Which type of restriction on quantity of imports is the most transparent?
A)Quota
B)Licensing requirements
C)Voluntary export restraints
D)Government procurement policies

Question

Quizplus · Accepted Answer

Quotas specify a specific limit on the amount of a particular product that can be imported into a country during a given period. This limit is usually publicly announced and available for all interested parties to see, making it a more transparent form of import restriction. In contrast, licensing requirements and voluntary export restraints may not be as publicly announced or transparent, and government procurement policies may not directly restrict imports.

Which Type of Restriction on Quantity of Imports Is the Most