Which of the following is the term for when a lower tariff rate is applied to imports within the quota than those over the quota?
A) Tariff rate quota
B) Voluntary import restraint
C) Import duty
D) Quota rent
E) Import quota
Correct Answer:
Verified
Q7: In the Uruguay Round of the WTO,
Q13: Free trade as a government policy was
Q14: Both import quotas and voluntary export restraints
Q16: Specific tariffs are levied as a proportion
Q17: Government intervention in international trade can take
Q21: A charge of 15-20% was levied by
Q27: Which of the following groups benefits the
Q31: A firm may set up production activities
Q36: Antidumping actions seem to be concentrated in
Q37: Trade barriers encourage firms to disperse their
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