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Free Import Quota MCQs App Download (iOS & Android): An activity that is being done to restrict the numbers or monetary values of the goods imported and exported during a specific time-period is known as; MCQ with answers: taxes, tariff, embargo, and quota. Study non tariff barriers and new protectionism questions and answers to improve problem solving skills for digital economics educational pathways.

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MCQ 196: An activity that is being done to restrict the numbers or monetary values of the goods imported and exported during a specific time-period is known as:

  1. tariff
  2. taxes
  3. quota
  4. embargo

MCQ 197: Sometime it's more affordable to purchase a good from companies with than it is to produce the good internally is possible only with:

  1. outreaching
  2. off shoring
  3. outsourcing
  4. international trade

MCQ 198: Economics which is based on facts and also close to accuracy is known as:

  1. positive economics
  2. normative eco
  3. macroeconomics
  4. microeconomics

MCQ 199: A tariff that is levied as a fixed charge per units of imports is known as:

  1. specific tariff
  2. ad valorem tariff
  3. import tariff
  4. export tariff

MCQ 200: A cost that is suffered by a third party as a result of an economic transaction is known as:

  1. negative externality
  2. externality
  3. public good
  4. positive externality

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