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

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This is the definition of a tariff-quota, where a lower tariff rate is applied to a certain quantity of imports (the quota) and a higher rate is applied to any quantities that exceed the quota. Export quotas are limitations on the quantity of goods that may be exported, ad valorem tariffs are taxes based on the value of goods, and voluntary export restraints are agreements between countries to limit exports.

A Lower Tariff Rate for a Certain Quantity of Imports