Limited Duration Growth Restrictions That Are Imposed When Domestic Markets

question 35

Multiple Choice

Limited duration growth restrictions that are imposed when domestic markets are threatened or injured from imports are known as:

• A)quotas.
• B)excise duties.
• C)countervailing duties.
• D)safeguards.
• E)antidumping duties.

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Definitions:

Property Right

A legal right or interest that an individual has in a defined property, including rights to use, sell, or lease it.

Production Processes

The methods, techniques, and sequences involved in manufacturing a product or providing a service from raw materials or inputs.

Price Discrimination

A practice whereby a seller charges different consumers different prices for the same product or service.

Patents

Legal rights granted to inventors, giving them exclusive rights to make, use, or sell their inventions for a certain period.