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

Related Mcqs:

Import quotas tend to result in all of the following except ?

A. domestic producers of the imported good being harmed B. domestic consumers of the imported good being harmed C. Prices increasing in the importing country D. Prices falling in the exporting country...

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

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

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

A. embargoes B. voluntary export restraints C. nontariff barriers D. orderly marketing agreements...

A tariff-rate quota ?

A. is a limit on the number of tariffs that a country can place on imports? B. uses a single tariff along with import quotas to restrict import C. is designed to avoid the the price increases caused by simple tariffs D. is a two-tier tariff system intended to restrict 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...