Suppose that the domestic government allows a specific number of goods to be imported each year, but it does not specify from where the product is shipped or who is permitted to import Such a trade barrier is known as ?
Correct answer: D. a global quota
- A. an import tariffs
- B. a tariff rate quota
- C. a selective quota
- D. a global quota
Explanation
A global quota limits the total quantity imported from all countries without assigning shares to particular countries or importers. A selective quota, by contrast, restricts imports from specified sources.
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