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.
a
You might also like to view...
What organization emerged from the GATT, starting January 1, 1995, with expanded responsibilities and global interaction?
a. the Doha round b. the World Trade Organization c. the United Nations d. the Institute for International Economics
The high-school dropout rate usually declines in an economic recession because
A) a decline in job opportunities lowers the opportunity cost of remaining in high school. B) high schools begin to offer more practical and relevant courses. C) laws are passed to prevent teenagers from entering the labor market. D) recessions increase the demand for education. E) tuition and book prices usually fall in a recession.