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5) What are 2 types of quotas?
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5) What are 2 types of quotas?

User SourabhTech
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Answer:

Two important types of quotas are absolute quotas and tariff-rate quotas.

Absolute quotas are quotas that limit the amount of a specific good that may enter a country. Tariff-rate quotas allow a quantity of a good to be imported under a lower duty rate; any amount above this is subject to a higher duty.

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I'm taking a business class.

User TheBlackKeys
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