Business, 08.04.2020 00:58 faithyholcomb

A tiny South Pacific island country produces large quantities of coconut-based products. To protect this industry, the island government mandates that only designated trading companies can import the crop, each of which is allocated the right to import a maximum number of pounds of coconuts each year. This is an example of a(n)...a. import quota

b. import duty

c. import tariff

d. subsidy

e. local content requirement

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A tiny South Pacific island country produces large quantities of coconut-based products. To protect...

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