A lower tariff rate for a certain quantity of imports and a higher rate for quantities that exceed the quota is called a(n) ________.

Question

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A tariff-quota is a trade policy that sets a lower tariff rate for a specified quantity of imports and a higher tariff rate for imports that exceed the quota. This is used by countries to protect their domestic industries while still allowing access to specific amounts of goods from other countries.

A Lower Tariff Rate for a Certain Quantity of Imports