Which of the following is a combination of two policy instruments quotas and tariffs?

CA Foundation · Business Economics · PYQS · January 2026
Which of the following is a combination of two policy instruments quotas and tariffs?
(A) A. Tariff rate quotas
(B) B. Compound tariffs
(C) C. Mixed tariffs
(D) D. Applied tariffs

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. Tariff rate quotas

Topics: International Trade

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