A Restriction of Imports That Is Accomplished by a Quota

question 137

Multiple Choice

A restriction of imports that is accomplished by a quota normally

• A)can be accomplished also by a tariff.
• B)cannot be replicated exactly by imposing a tariff.
• C)can be accomplished also by an export subsidy.
• D)can be accomplished also by negotiations within GATT.

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Definitions:

Social Regulation

Consists of policies and rules designed to correct behaviors that are not in the best interest of society, including environmental protection and worker safety.

Safety

The condition of being protected from or unlikely to cause danger, risk, or injury.

Harmony

A state of peacefulness or agreement in feelings, actions, ideas, or interests among individuals or groups.

Antitrust Laws

Legislation enacted to prevent monopolies, promote competition, and ensure fair business practices in the marketplace.