Multiple Choice
[Lambswool tax] The U.S. and Canada are members of the World Trade Organization and GATT. Frustrated by the tough competition from Canadian suppliers, Lambswool suppliers in the U.S. have pressured Congress to pass a law requiring importers to pay a tax per pound of lambswool imported to the U.S. and restricting the number of pounds of lambswool imported from specific countries, including Canada. Wholly Wool, Inc., is a Canadian company that sells lambswool that is nearly identical to lambswool produced and sold in the U.S.
-What type of trade barrier is the lambswool tax?
A) A subsidy
B) A quantitative restriction
C) A quota
D) A tariff
E) A nontariff barrier
Correct Answer:

Verified
Correct Answer:
Verified
Q80: [DroneTek] DroneTek, Inc., a Swedish company, produces
Q81: A(n) _ is considered a tax that
Q82: The United States has no bilateral trade
Q83: The United States is not a party
Q84: Which of the following is true regarding
Q86: [Pet Products] Sonya, who has a successful
Q87: What countries are signatories to the North
Q88: The Convention on Contracts for the International
Q89: Which of the following refers to an
Q90: Which of the following is a characteristic