Management Notes

Reference Notes for Management

A tariff-rate quota

A tariff-rate quota

A tariff-rate quota

 Options:

a. is a limit on the number of tariffs that a country can place on imports
b. uses a single tariff along with import quotas to restrict imports
c. is designed to avoid the price increases caused by simple tariffs
d. is a two-tier tariff system intended to restrict imports

The Correct Answer Is:

d. is a two-tier tariff system intended to restrict imports One

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