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3. ___________________are numerical limitations on the quantity of products that can be imported.

a. Import duties

b. Import quotas

c. Import limits

Understanding Protectionism

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Raushan RajLv8

3 Nov 2020

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Related questions

Excise taxes on imported goods that help shield domestic producers of the good are called

A. protective tariffs.

B. import quotas.

C. revenue tariffs.

D. voluntary export restrictions.

5. Import quotas are most commonly administered

a. By permitting all imports until the quota is filled for the year, then none after that.

b. By taxing imports.

c. By auctioning import licenses to the highest bidder.

d. By granting import rights to domestic importing firms on the basis of past market share.

All of the following are government-imposed quantity restrictions except

A. rent controls.

B. licensing certain activities.

C. import quotas.

D. a ban on a good making it illegal to own the good.

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