Multiple Choice
An import quota is a
A) legal limit on the quantity of a good that can be imported per year
B) legal requirement that a specified percentage of a final good's value must be produced domestically
C) legal requirement that exports to a certain country must exceed a specified value before that country's product may be imported
D) percentage tax on an imported product
E) lump-sum tax on an imported product
Correct Answer:
Verified
Correct Answer:
Verified
Q89: A country will import a good only
Q90: Tina Makumbi imports sesame oil from Ethiopia
Q91: Low wages may be traceable to all
Q92: Which of the following factors is the
Q93: International trade between countries typically produces a
Q95: Exhibit 19-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6784/.jpg" alt="Exhibit 19-1
Q96: Which of the following is not a
Q97: Revenue from a(n)_ goes to the U.S.government
Q98: The General Agreement on Tariffs and Trade
Q99: Absolute advantage<br>A)is the same as comparative advantage<br>B)implies