A tariff-rate quota is essentially a

Related MCQs

• A(n) __________ is an example of a quota where foreigners hold quota licenses.
• The welfare effects of a quota depend to a considerable extent upon
• __________ are profits that accrue to whomever has the right to import the good that is restricted by the quota.
• The home-country government can confiscate the revenue effect of an import quota if
• Governments around the world tend to auction quota licenses
• Compared to an import quota, an equivalent tariff may provide a less certain amount of protection for home producers since:
• Concerning the U.S. balance of payments, which account is defined in essentially the same way as the net export of goods and services, which comprises part of the country’s gross domestic product?