When a country awards import licenses on a first-come, first-served basis or on a negotiated basis, taking into consideration a demonstrated need or worthiness, the country has a:?

Question

Camila Elliott

Social Studies

7 August, 01:56

When a country awards import licenses on a first-come, first-served basis or on a negotiated basis, taking into consideration a demonstrated need or worthiness, the country has a:?

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Answers (2)

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Tomas Huber · Answer 1

The answer to this question is resource-using procedure.

Import liscense on first-come first-serve basis will defintiely limit the overall total import toward that country.

One reason why a country use this procedure is to make sure that the nation shall efficiently use all of available resources in that country before relying on outside sources to fulfill the demand of the market.

Tristan Burgess · Answer 2

Answer is Resource-Using procedures - first-come, first-serve; basis of demonstrating need or worthiness; basis of negotiation. some of area c is lost to the country