____________________ establish a low tariff level on an initial quantity of the product being imported into the country but beyond an initial volume the tariff rate imposed on additional quantities imported escalates markedly.

Question

Quizplus · Accepted Answer

This type of policy is known as a tariff rate quota, where the initial quantity of imports is subject to a lower tariff rate but any additional amounts beyond that threshold face a higher tariff rate.

____________________ Establish a Low Tariff Level on an Initial Quantity