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Commerce · Q239

Business Environment and International Business

Graduate and Post Graduate · Commerce · question 239

Q239

A tariff rate quota

A.
is a limit on the number of tariff that a country can place on imports
B.
uses a single tariff along with import quotas to restrict import
C.
is designed to avoid the price increases caused by simple tariffs
D.
is a two-tier tariff system intended to restrict imports
Answer

Answer: Option D

Solution

Answer: Option D
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