An Import Quota Is a

question 67

Multiple Choice

An import quota is a

• A)tax on imports
• B)legal limit on the amount of a specific good that can be imported into a particular country
• C)tax on import quantities above the legal limit
• D)way to increase tariff revenues
• E)legal incentive for members of GATT to increase their exports of a particular good

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Definitions:

Diagram

A simplified drawing or plan that represents the components or workings of something, typically used to explain how it functions or is structured.

Freshwater

Water that has a low salt concentration, typically found in rivers, lakes, and streams, and essential for drinking, agriculture, and sanitation.

Diagram

A simplified drawing showing the appearance, structure, or workings of something, typically used to explain how it functions.

Aswan Dam

A significant engineering project on the Nile River in Egypt, built to control floods, provide increased water storage for irrigation, and generate electricity.