What is a quota?
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Correct Answer: Option B
Explanation:
A quota is a quantitative restriction placed on the amount or quantity of a particular good that may be imported or exported during a specified period. Unlike a tariff, a quota directly limits the volume of goods traded.
A quota is a quantitative restriction placed on the amount or quantity of a particular good that may be imported or exported during a specified period. Unlike a tariff, a quota directly limits the volume of goods traded.