Multiple Choice
The objective of import quotas include
A) To protect domestic industries from foreign competition by restricting imports
B) To stabilize and maintain the external price level by regulating exports
C) To correct adverse balance of payments restricting exports
D) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
Q5: Import quotas include<br>A)Ad valorem duty<br>B)Tariff or custom
Q6: In balance of payments account, all goods
Q7: The system devised to administer the types
Q8: The physical limitation of quantities of different
Q9: On the basis of retaliation, tariffs can
Q11: Under the unilateral quota system, the autonomously
Q12: The effects of quota under partial equilibrium
Q13: Under the redistribution effect of tariff, the
Q14: Import quotas may be fixed either in
Q15: The tariffs or duties levied upon goods