A quota is
A) a tax placed on imports.
B) a limit on the quantity of imports.
C) a tax on exports to other countries.
D) an excess of exports over imports.
Correct Answer:
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Q182: Figure 9-17 Q183: Import quotas and tariffs produce some common Q184: An import quota Q185: The nation of Aquilonia has decided to Q186: Relative to a situation in which domestic Q188: Both tariffs and import quotas Q189: A major difference between tariffs and import Q190: Figure 9-17 Q191: The United States has imposed taxes on Q192: Figure 9-17 Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)is preferable to a tariff
A)increase the quantity
