MCQOPTIONS
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				| 1. | 
                                    Tariff rate quotas are ________________ | 
                            
| A. | based on the value of the traded commodity only | 
| B. | low tariff rate on an initial quantity of import within the quota limit and very high tariff rate on imports above the initial amount | 
| C. | based on the quantity or volume of the quantity only | 
| D. | combination of tariffs and quotas | 
| Answer» C. based on the quantity or volume of the quantity only | |