Question
The US has a policy on imported sugar from Brazil that is described as follows: US businesses are allowed to important 300 kgs of sugar
The US has a policy on imported sugar from Brazil that is described as follows: US businesses are allowed to important 300 kgs of sugar at a tariff rate of 6.2%. Any imports in excess of 300 kgs will be subject to a tariff of 12%. Which of the following is described by this scenario?
A. Absolute quota
B. Embargo
C. Free Trade Agreement
D. Tariff Rate Quota
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Consumer Behavior Buying, Having and Being
Authors: Michael R. Solomon
11th edition
978-0133451153, 133450899, 133451151, 978-0133450897
