Which of the Following Trade Policy Tools Makes It Mandatory

question 110

Multiple Choice

Which of the following trade policy tools makes it mandatory for its importers who want to buy a foreign good to apply for an exchange permit?

• A) Tariff
• B) Import quota
• C) Blocked currency
• D) Government approval
• E) Export levy

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Definitions:

Minimum IQ

Refers to the lowest score on an IQ test that still falls within the range of average intelligence.

Gifted Programs

Educational initiatives designed to address the needs and foster the abilities of students who are identified as having exceptional talent or intelligence.

Mildly Retarded

An outdated and offensive term formerly used to describe individuals with below-average intellectual functioning and limited adaptive behaviors.

Lower Socio-Economic Classes

A demographic grouping based on a combination of income, education, and occupation, typically associated with lower access to resources and opportunities.