Once import quota is levied on a commodity, the domestic price of the commodity

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
• An increase in domestic production of goods due to imposition of import quota is called
• 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
• Under the unilateral quota system, the autonomously fixed quota may either be
• The increase in the domestic production of a commodity due to imposition of a tariff is
• The ratio between the price of a country’s export goods to its import goods is called
• When a country’s import price relatively rises to its export prices,
• A quota which established thorough mutual agreements or negotiation between countries is
• The effects of quota under partial equilibrium include
• A tariff or custom quota may either be