Japan imposes a $2,800+/ton tariff on rice imports above 682,000 tons. Because the tariff makes imported rice too expensive, no country exports more than 682,000 tons of rice to Japan per year. Which trade barrier does this represent? A.Import licenses B. Dumping C.Quotas D. Subsidies
Japan imposes a $2,800+/ton tariff on rice imports above 682,000 tons. Because the tariff makes imported rice too expensive, no country exports more than 682,000 tons of rice to Japan per year. Which trade barrier does this represent? A.Import licenses B. Dumping C.Quotas D. Subsidies
Principles of Microeconomics
7th Edition
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter9: Application: International Trade
Section: Chapter Questions
Problem 4CQQ
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Question
Japan imposes a $2,800+/ton tariff on rice imports above 682,000 tons. Because the tariff makes imported rice too expensive, no country exports more than 682,000 tons of rice to Japan per year. Which trade barrier does this represent?
A.Import licenses
B. Dumping
C.Quotas
D. Subsidies
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