Economics Mcqs
Q A tariff-rate quota ?
  • A A. Is a limit on the number of tariffs that a country can place on imports?
  • B B. Uses a single tariff along with import quotas to restrict import
  • C C. Is designed to avoid the the price increases caused by simple tariffs
  • D D. Is a two-tier tariff system intended to restrict imports?
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a preference or special liking for something; a bias in favour of something.
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