___________ are quotas that lead to a complete abolishment of trade?

Related Mcqs:

Throughout the world, governments tend to auction quota licenses to their highest bidder ?

A. always B. often C. seldom D. never...

Nontariff trade barriers could include all of the following except ?

A. domestic content laws B. government procurement policies C. health, safety, and environmental standards D. antidumping/countervailing duties applied to imports...

For year the U.S government levied quotas on inexpensive oil imported from the Middle East The quotas led to cost increases for U.S consumers totaling $3 billion for oil products. An apparent justification of this policy was that ?

A. U.S oil companies and workers deserved higher incomes B. U.S oil was of superior quality and merited higher prices C. one should not be too dependent on foreign suppliers of crucial resources D. The U.S government needed the quota revenue to balance its budget...

Quotas are government-imposed limits on the _________ of goods trade between countries?

A. prices B. quantity C. revenue D. costs...

________ are profits that accrue to whomever has the right to import the good that is restricted by the quota?

A. quota license B. quota rents C. quota prices D. None of the above...