When a country permits an import of limited quantities at low rates of duty but subjects an excess amount to a much higher rate, this kind of quota is used.

Related MCQs

• When a country permits an import of limited quantities at low rates of duty but Subjectsanexcess amount to a much higher rate, this kind of quota is used.
• This kind of quota is the most restrictive.
• A ___________ is a tax-free enclave in which imported goods can be stored or processed. It is alsonot considered part of the country as far as import and other regulations are concerned
• This entry strategy involves having an agreement that permits a foreign company to use industry property, technical knowhow, or engineering design in a foreign market.
• This kind of company does not identify itself with a particular country and may even Preferto lose its national identity.
• This strategy involves manufacturing operations in a host country for the purpose of exporting a product made there to a company's home country or to other third countries.
• An association of ocean carriers which join to establish common rules with regard to freight rates and shipping conditions is
• Members of this group charge identical shipping rates. conference line
• As a result of international trade and global interdependence, countries' inflation rates tend to
• As a result of international trade and global interdependence, countries' inflation rates tend to: