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Question
The country of Argonia imposes an ad valorem tariff of 10 percent on 1 million tons of rice imports, after which an out-of-quota tariff of 80 percent is applied. According to this information, which of the following trade policy instruments is being used by Argonia?
A. Subsidy
B. Tariff rate quota
C. Voluntary export restraint
D. Tariff ceiling
E. Local content requirement
Answer
This answer is hidden. It contains 150 characters.
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