Question

Which of the following trade policies limits specified quantity of goods to be imported at one tariff rate?

Answer 1

"❤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.

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Answer 2

Quota is a trade policy that limits the specified quantity of goods to be imported at one tariff rate.

• A quota is a government-imposed trade restriction that restricts the number or value of commodities that a country can import or export during a given period.
• Quotas are used in international trade to help countries regulate the amount of trade they do with each other.
• To restrict imports and boost domestic production, countries can impose quotas on specific products.