Question
a) A restriction used to insulate a domestic industry from foreign competition is the rate quota. Outline a tariff rate quota and explain it's components.
a) A restriction used to insulate a domestic industry from foreign competition is the rate quota. Outline a tariff rate quota and explain it's components.
b) Give two (2) ways in which a rate quota differentiates from a normal import tariff
c) In principle, a tariff- rate quota provides more access to imports than a normal import quota but why is it such a more restrictive barrier to trade?
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Research Methods Design And Analysis
Authors: Larry Christensen
13th Edition
0205961258, 978-0205961252
