Solved

Which of the Following Statements Is True of Import Quotas

Question 13

Multiple Choice

Which of the following statements is true of import quotas?


A) They are the most straightforward denial of absolute or comparative advantage.
B) They are government payments to domestic firms.
C) They are rules stipulating that a certain proportion of the value of the goods made in one country must originate from that country.
D) They are bureaucratic rules that make it harder to import foreign goods.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions