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Earn +20 ptsQ: What is a import quota?
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What is a physical restriction on the number of goods that may be imported during a specific time period Export quota global quota selective quota or import quoata?
import quoata
How would you describe an import quota?
An import quota sets a physical limit on the amount of goods that may be imported during a given period. An export quota does the same for a nation's exports.
What is the purpose of import quota?
To reduce competition from foreign producers
The government limits the import of sugar from other countries?
QUOTA
How many cigarettes are you allowed from Norway?
The taxfree quota for bringing cigarettes into Norway is one carton, 200 cigarettes.There is no quota in bringing cigarettes out of Norway, only the import quota in the country you are travelling to.
What best states the purpose of an import quota?
To reduce competition from foreign producers.
A limit on the amount of a particular good that may be imported into a country during a given period of time?
Import quota
What is the difference between a tariff and an important quota?
A tariff is a tax on trade; a quota is a restriction on trade within a certain time or date.
What type of trade restriction that limits the amount of a particular good that may be imported into a country during a given period of time?
import quota
What is the policy that deals with a country's economic relations with foreign countries and comprises trade policy and exchange rate policy?
Tariff And Import Quota
The US government has announced a 5 million pound annual limit on beef imported from Argentina this type of trade restriction is called?
import quota
Which result would you expect from a U.S. import quota on automobiles?
higher automobile prices for U.S. customers
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