To ensure that imports of a particular good are substantially reduced, a government or regulatory authority ( such as the World Bank), a government may insist on imposing a “quota”. This quota will permit only a certain specified quantity of imported good to be allowed over a given time period. The quota may be “global” or “allocated”. The former merely inducates what aggreagate quantity may be imported into a country, without specifying how much comes from any one or particular country of origin. It could be from China, Vietnam , the E.U. , England or Germany it does not matter. An “allocated” quota on the other hand , authorizes a particular quantity of imports from each exporting country.
Related Websites - When Economists Agree, Part 1 Recently, I've been doing a bit of spring cleaning, and I came across my old microeconomics book. (In case you are curious, it's Principles of Microeconomics by Mankiw.) Being the packrat that I am, I ended up keeping more than...
- Debating a Paper Money Purchase If you are jumping into the world of coin collecting or are thinking about expanding beyond your coin collection, you are going to look to paper money collecting. Paper money collecting can be just as interesting and just as unique...
- Monarch Dunes Golf Course, Nipomo, CA Monarch Dunes Golf Course is located in: Nipomo, CA Phone: 805-343-9459 Website: http://www.monarchdunes.com/layout9.asp?id=163&page=2754 Course History: Monarch Dunes has been named as one of the best courses to play by Golf Magazine and it is easy to see why. Truly one...
- Why Global Economic Negativity, Doom & Gloom Doesn’t Disturb Me I travel quite a bit, for business and for pleasure, and as I travel across the country and globally, I am continuously amazed, but not surprised, at the amount of discussion (more like complaining) around the economic condition today. Whether...