Question
An import quota is not the simplest instrument for implementing a policy of tariff barriers.
Answer :
Word Count : 309
An import quota represents a quantitative restriction on the amount of a particular good that can be imported into a country during a specific period. Unlike a straightforward tariff, which applies a fixed tax rate on imports and generates government revenue, an import quota directly limits supply, creating scarcity in the domestic market. This mechanism is less transparent and more administratively ___ ____ _______ ______ ________.
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An import quota represents a quantitative restriction on the amount of a particular good that can be imported into a country during a specific period. Unlike a straightforward tariff, which applies a fixed tax rate on imports and generates government revenue, an import quota directly limits supply, creating scarcity in the domestic market. This mechanism is less transparent and more administratively ___ ____ _______ ______ ________.
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