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Which of the following is a true statement: Question 1 options: A quota is a requirement that a product cannot enter a country's domestic market

Which of the following is a true statement: Question 1 options: A quota is a requirement that a product cannot enter a country's domestic market unless the value of that product exceeds a certain amount. A tariff is a quantitative restriction and therefore actively discouraged by the GATT A voluntary export restraint is a restriction placed on the number of products that can be imported into a country's domestic market A subsidy is a payment or benefit given by a government entity to a company or industry

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