Explore topic-wise MCQs in Economics.

This section includes 2 Mcqs, each offering curated multiple-choice questions to sharpen your Economics knowledge and support exam preparation. Choose a topic below to get started.

1.	A attempts to limit outsourcing of jobs to foreigners by requiring that a minimum percentage of a product’s value must be produced domestically if that good is to be sold in the domestic market ?
A.	domestic subsidy
B.	voluntary restraint agreement
C.	domestic content requirement
D.	tariff-rate quota
Answer» D. tariff-rate quota

Discussion

2.	A _______ allows a specified number of goods to be imported each year, and it not specifies from where the product is shipped and who is permitted to import ?
A.	import quota
B.	export quota
C.	selective quota
D.	global quota
Answer» D. global quota

Discussion

Explore topic-wise MCQs in Economics.

A attempts to limit outsourcing of jobs to foreigners by requiring that a minimum percentage of a product’s value must be produced domestically if that good is to be sold in the domestic market ?

A _______ allows a specified number of goods to be imported each year, and it not specifies from where the product is shipped and who is permitted to import ?