WHAT ARE THE 2 WAYS IN WHICH GOVERMENT IMPOSES EQULITY ?
Answers
Answer:
A quota is a government-imposed trade restriction that limits the number or monetary value of goods that a country can import or export during a particular period. Countries use quotas in international trade to help regulate the volume of trade between them and other countries.
Answer:
Countries use quotas in international trade to help regulate the volume of trade between them and other countries.
Within the United States, there are three forms of quotas: absolute, tariff-rate, and tariff-preference level.
Tariffs are taxes one country imposes on the goods and services imported from another country.
Because tariffs increase the cost of imported goods and services, they make them less attractive to domestic consumers.
Highly restrictive quotas coupled with high tariffs can lead to trade disputes and other problems between nations.
Explanation: