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Essay

Trade Policies: Import Tariff And Quotas

Essay specific features

 

Issue:

Business

 

Written by:

Timmy H

 

Date added:

September 3, 2016

 

Level:

University

 

Grade:

B

 

No of pages / words:

9 / 2483

 

Was viewed:

1999 times

 

Rating of current essay:

 
Essay content:

Quotas may or may not generate revenue depending on how the quota is administered. If a quota is administered by selling quota tickets (i.e., import rights) then a quota will generate government revenue, however, if the quota is administered on a first-come, first- served basis, or if quota tickets are given away, then no revenue is collected...
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Tariff collection involves product identification, collection and processing of fees. Quota administration will also involve product identification and some method of keeping track, or counting, the product as it enters the country in multiple ports of entry. It may also involve some method of auctioning or disbursing quota tickets...
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