Question

Rice imports to a nation under a quota limit of 8,500 tons are charged a tariff of 15 percent. imports of rice above the quota limit are charged a tariff of 60 percent. this is an example of a(n) ________.

Answer 1

The appropriate response is Tariff-quota. Tariff quotas might be recognized from import shares. A tax portion allows the import of a specific amount of a product obligation free or at a lower obligation rate, while amounts surpassing the standard are liable to a higher obligation rate. An import portion, then again, limits imports totally.