Which of the following is among the ways a quota can be rationed by a government?   A. Government gives the quota licenses free to domestic importers/producers.   B. Voluntary Export Restraint - the government gives the quota licenses for free to foreigners.   C. All of the answers are possible ways quotas can be rationed   D. Government auctions the quota licenses

Macroeconomics
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ISBN:9781337617390
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter21: International Trade
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Which of the following is among the ways a quota can be rationed by a government?

 

A. Government gives the quota licenses free to domestic importers/producers.

 

B. Voluntary Export Restraint - the government gives the quota licenses for free to foreigners.

 

C. All of the answers are possible ways quotas can be rationed

 

D. Government auctions the quota licenses.

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