An effective import quota will
A) increase the revenue received by the exporting nation
B) eliminate all incentives for trade between nations
C) reduce the quantity demanded of the imported good
D) lead to a lower domestic price
E) lead to a higher price in the exporting nation
Correct Answer:
Verified
Q80: Once a nation has been producing a
Q81: A tax that is imposed on each
Q82: Tariffs are government policies designed to encourage
Q83: A tariff is
A)a law restricting the quantity
Q84: If free international trade is compromised by
Q86: A tariff
A)is usually set by domestic producers
Q87: A quota is a
A)tax imposed on each
Q88: Politically,one reason trade restrictions are common is
Q89: If Japan imposes a tariff on shoes
Q90: Economists generally oppose trade restrictions such as
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