Which of the Following Statements Is True About Import Quotas

question 42

Multiple Choice

Which of the following statements is true about import quotas?

• A)Import quotas benefit domestic producers by limiting import competition.
• B)Import quotas always lower the prices for domestically produced goods.
• C)Higher tariff rates are usually applied to imports within the quota than those over the quota.
• D)Import quotas benefit consumers by decreasing the domestic price of an imported good.
• E)Import quotas help foreign producers gain a competitive advantage.

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Brought to an end or concluded, which can apply to contracts, employment, or any other agreement.

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