Which of the following characteristics relate to import quotas? a) Government policies to reduce or block imports. b) Taxes imposed on imported products. O c This stipulates that a nation should not depend too heavily on other countries for supplies of certain key products. d) Numerical limitations on the quantity of products that can be imported.

Which of the following characteristics relate to import quotas? a) Government policies to reduce or block imports. b) Taxes imposed on imported products. O c This stipulates that a nation should not depend too heavily on other countries for supplies of certain key products. d) Numerical limitations on the quantity of products that can be imported.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

I need both solution plz...

Banning trade with countries that have low environmental standards will tend to
their environmental standards since this will the average income level in these
countries.
Oa) improve, reduce
Ob) improve, increase
Oc) worsen, increase
d) worsen, reduce

Which of the following characteristics relate to import quotas?
a) Government policies to reduce or block imports.
Ob) Taxes imposed on imported products.
O c This stipulates that a nation should not depend too heavily on other
countries for supplies of certain key products.
d) Numerical limitations on the quantity of products that can be imported.

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