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:

Additional Ton

A unit of measure representing an extra quantity of a product or material, beyond the original calculation or expectation, typically used in contexts related to shipping, production, or environmental impact.

Radishes

Edible root vegetables with a peppery flavor, often red, white, purple, or black, used in salads and as a garnish.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision; it represents the benefits missed when choosing one option over another.

Consumer Goods

Items bought by the typical consumer for personal use.