Question

Suppose the U.S. imposes a very low tariff rate on the first 10,000 tons of bananas imported into the country, but that any bananas above that threshold are subject to a 300% ad valorem tariff. This is known as a

a.voluntary export restraint
b.compound tariff
c.harmonized tariff
d.schedule tariff rate quota

Answer 1

Option (d) is correct.

Step-by-step explanation:

Schedule tariff rate quota refers to the another form of barrier on the imports of a nation. Under this kind of import restriction, the government specify the benchmark or quantity goods to be imported or we can say that sets the import limit and after that limit reached, then certain rate of tariff is implemented on the quantity of goods imported.

This import restriction is used by various developed and developing nations for controlling their imports.