Which of the following statements is true? a. A tariff is a physical limit on the quantity
Question:
Which of the following statements is true?
a. A tariff is a physical limit on the quantity of a good allowed to enter a country.
b. An embargo is a tax on an imported good.
c. A quota is a law that bars trade with another country.
d. When a nation exports more than it imports, it is running a balance of trade surplus.
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d When a nation e...View the full answer
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