Use the following scenario to answer the next four questions:
RayRay and Andrew produce baseballs and golf balls. RayRay can produce six baseballs per hour or four golf balls per hour. Andrew can produce three baseballs per hour or one golf ball per hour.
-An example of an import quota is:
A) Japanese automobile manufacturers agreeing to limit exports to the United States.
B) a decision by the United States to limit South Korean television imports to 100,000 per year.
C) France charging an additional 10% tax on imports of Vietnamese clothing.
D) a decision by Saudi Arabia to reduce oil exports to India by 100,000 barrels.
E) Chinese toy manufacturers agreeing to reduce exports to the United States.
Correct Answer:
Verified
Q51: There is a 5% average tax on
Q56: An example of a tariff is:
A) Japanese
Q81: Which of the following groups of countries
Q97: The members of NAFTA are the United
Q105: A tariff is a tax imposed on
Q106: A tariff
A) is a strict enforcement of
Q108: Bans on imports,import quotas,voluntary quotas,and tariffs on
Q128: The United States feels that it has
Q136: An import quota
A) limits the amount of
Q140: An agreement by one country to limit
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