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
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
Chapter21: International Trade
Section: Chapter Questions
Problem 10QP
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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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