Quotas are
A) methods for reducing imports by limiting the quantity of goods from a specific country that can enter the country each year.
B) taxes on imports that raise their prices and reduce their attractiveness to domestic buyers.
C) voluntary agreements designed to reduce the harm to firms engaged in foreign trade.
D) subsidies to foreign producers to encourage them to trade.
Correct Answer:
Verified
Q84: Dumping occurs when a producer
A)exports low priced
Q85: It is _ that a tariff,unlike a
Q86: Tariffs lead to
A)the contraction of relatively efficient
Q87: If the U.S.imposed a quota on motorcycle
Q88: The motive for the erecting trade barriers
Q90: When the dollar value of a country's
Q91: It is _ that in international trade,when
Q92: A balance of trade deficit exists when
A)net
Q93: Suppose the opportunity cost of producing 1
Q94: A balance of trade surplus exists when
A)net
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