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What are import quotas? - Economics

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प्रश्न

What are import quotas?

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उत्तर

Import Control: Imports may be controlled by

  • Imposing or enhancing import duties
  • Restricting imports through import quotas
  • Licensing and even prohibiting altogether the import of certain non-essential items. But this would encourage smuggling.
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Balance of Trade Vs Balance of Payments
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अध्याय 7: International Economics - Model Questions [पृष्ठ १५१]

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सामाचीर कलवी Economics [English] Class 12 TN Board
अध्याय 7 International Economics
Model Questions | Q 32. | पृष्ठ १५१
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