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    Exam 4: Understanding Tariffs and Trade Policies
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    A Quota System Which Allows a Certain Specified Quantity of a Commodity
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A Quota System Which Allows a Certain Specified Quantity of a Commodity

Question 15

Question 15

Multiple Choice

A quota system which allows a certain specified quantity of a commodity to be imported duty free or at a low rate of import duty is


A) Bilateral quota
B) Global quota
C) Tariff or custom quota
D) Unilateral quota

Correct Answer:

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