Q. Tariff rate quotas are ________________ (Solved)
1. based on the value of the traded commodity only
2. low tariff rate on an initial quantity of import within the quota limit and very high tariff rate on imports above the initial amount
3. based on the quantity or volume of the quantity only
4. combination of tariffs and quotas
- 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