0
What are restrictions on the amount of a good that can be imported into a country?
Wiki User
∙ 9y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
A limit on the amount of a particular good that may be imported into a country during a given period of time?
Import quota
What type of trade restriction that limits the amount of a particular good that may be imported into a country during a given period of time?
import quota
What is the difference between a tariffs and a quotas?
A tariff is a tax on an imported good. An import quota (as I assume you mean) is a limit on the amount of a good which is allowed to be imported. One regulates price, the other supply.
What is the name for a good brought into one country from another?
An ImportGoods are exported out of a country and imported into a different country. Goods that are brought in are called imports.An import is a good brought into one country from another.
What goods are imported and what goods are exported?
Every country imports and exports different goods so it is not possible to answer, however an import is a good that comes to the country from another country and exports are a country selling goods to another country.
What restricts the amount of a product that can be imported?
what is a restriction on the amount of a good that can be imported
A limit on the amount of a particular good that may be imported into a country during a given period of time?
Import quota
What type of trade restriction that limits the amount of a particular good that may be imported into a country during a given period of time?
import quota
How can trade restrictions affect multinational?
trade restrictions can affect a number of nations simultaneously due to restrictions of a specific imported good. for example the current Iran crisis has restricted oil export from that country and has hiked up prices for every other nations importing that good. America and others are then having to either increase their price on the oil they export or decrease the volume of oil they ship out.
What is the difference between a tariffs and a quotas?
A tariff is a tax on an imported good. An import quota (as I assume you mean) is a limit on the amount of a good which is allowed to be imported. One regulates price, the other supply.
What is the name for a good brought into one country from another?
An ImportGoods are exported out of a country and imported into a different country. Goods that are brought in are called imports.An import is a good brought into one country from another.
What goods are imported and what goods are exported?
Every country imports and exports different goods so it is not possible to answer, however an import is a good that comes to the country from another country and exports are a country selling goods to another country.
What is a good brought into one country from another?
Any item or good brought into one country from another is what is known as an import. These items have been "imported" from any another country. If you are looking to send something off to another country, that is what is known as an export.
What is the difference between a tariff and an important quota?
A tariff is a tax on trade; a quota is a restriction on trade within a certain time or date.
What is a trade deflection?
When two or more countries form a free trade area, they do not have tariffs that are homogeneous with respect to the rest of the world. Consequently, it is possible for one country then to import all of a certain good that the other country previously imported, only to turn around and trade it to another country in its free trade area. This lowers the amount of government revenue in the consuming country and can lead to decreases in surplus.
What effect do tariffs have on consumers?
A tariff raises the price of an imported good above the world price of that good by the amount of the tariff. Domestic suppliers are then able to raise the price of their good to the price of the imported good. The rise in price causes some buyers to exit the market, and by reducing the domestic quantity demanded the consumer surplus decreases, creating a deadweight loss.
Is there any disadvantage to a government placing a tariff on imported good?
Yes, the main disadvantage of a government placing tariffs on imported goods is increased cost and a possible retaliation tariff from the exporting country. Tariffs make the goods more expensive for the consumer.
