A quota which established thorough mutual agreements or negotiation between countries is

Related MCQs

• The quota system in which domestic producers of a quota fixing country are required to make use of both domestic raw materials and a specified proportion of imported raw materials to produce a product
• Under the unilateral quota system, the autonomously fixed quota may either be
• The tariff rates which are based on trade agreements or treaties with other countries is known as
• A quota system which allows a certain specified quantity of a commodity to be imported duty free or at a low rate of import duty is
• The effects of quota under partial equilibrium include
• A tariff or custom quota may either be
• Once import quota is levied on a commodity, the domestic price of the commodity
• An increase in domestic production of goods due to imposition of import quota is called
• By restricting imports through the quota system, the deficit is
• According to Ricardo, trade is possible between two countries when