QuestionJuly 22, 2025

An import quota is a tax on imports legal limit on the amount of a specific good that can be imported into a particular country tax on import quantities above the legal limit way to increase tariff revenues legal incentive for members of GATT to increase their exports of a particular good

An import quota is a tax on imports legal limit on the amount of a specific good that can be imported into a particular country tax on import quantities above the legal limit way to increase tariff revenues legal incentive for members of GATT to increase their exports of a particular good
An import quota is a
tax on imports
legal limit on the amount of a specific good that can be imported into a particular country
tax on import quantities above the legal limit
way to increase tariff revenues
legal incentive for members of GATT to increase their exports of a particular good

Solution
4.7(169 votes)

Answer

legal limit on the amount of a specific good that can be imported into a particular country Explanation 1. Define Import Quota An import quota is a **legal limit on the amount of a specific good that can be imported into a particular country**. It restricts the quantity, not imposing a tax.

Explanation

1. Define Import Quota<br /> An import quota is a **legal limit on the amount of a specific good that can be imported into a particular country**. It restricts the quantity, not imposing a tax.
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