3206EconomicsMedium
A tariff-rate quota is essentially a?
Atwo tier tariff applied to a country’s imports
Bthree tier quota applied to a country’s exports
Ctwo tier quota applied to a county’s exports
Dthree-tier tariff applied to a country’s imports
Correct answer
A. two tier tariff applied to a country’s imports
Explanation
The correct answer is two tier tariff applied to a country’s imports.