the trade policy that limits the quantity of goods that is imported at one tariff rate is
Answers
Answer:
A quota is a government-imposed trade restriction that limits the number or monetary value of goods that a country can import or export during a particular period. Countries use quotas in international trade to help regulate the volume of trade between them and other countries.
The trade policy that limits the quantity of goods that is imported at one tariff rate is Quota.
Explanation:
Quota is the trade policies that put restriction on the specific quantity of goods and items which are imported from another countries at single tarrif rate.
Tariff rate is the rate at which the tax are imposed on the goods or items and services by one country importing from another country.
Quota is used by countries to maintain the volume of trade between the countries. It helps the domestic suppliers and automatically contribute economic welfare.