Multiple Choice
A quota is a
A) quantitative restriction on an import imposed by the importing country.
B) quantitative restriction on an import imposed by the exporting country.
C) restriction on how much a customer can buy of a scarce good imposed by the seller.
D) tax that is imposed on a good when it crosses an international boundary.
E) trade barrier that does not harm domestic consumers of the good or service.
Correct Answer:

Verified
Correct Answer:
Verified
Q169: How do imports affect buyers' consumer surplus?
Q170: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" The figure
Q171: Briefly define a tariff and a quota.Do
Q172: The _ are hurt by importing a
Q173: A nation will import a good if
Q175: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -The above figure
Q176: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -According to the
Q177: What is a major reason international trade
Q178: International trade benefits<br>A) only the exporter.<br>B) only
Q179: Which of the following is true?<br>i.When the