Which trade policy results in the government levying a "two-tier" tariff on imported goods?
A) Tariff quota
B) Nominal tariff
C) Effective tariff
D) Revenue tariff

Question

Quizplus · Accepted Answer

The trade policy that results in the government levying a "two-tier" tariff on imported goods is called tariff quota. This policy involves setting a low tariff rate up to a certain quantity of imports, and then imposing a higher tariff rate on any imports above that threshold.

Which Trade Policy Results in the Government Levying a "Two-Tier