ECONOMICS
BARRIERS TO TRADE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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When different countries learn different quotes from each other in exchange for money
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When you sell only a little amount of something
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There is no such thing as a Quota
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A limit on how of much something can be sold
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Detailed explanation-1: -What Is a Quota? 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.
Detailed explanation-2: -Absolute quotas strictly limit the quantity of goods that may enter the commerce of the United States for a specific period. Tariff rate quotas permit a specified quantity of imported merchandise to be entered at a reduced rate of duty during the quota period.
Detailed explanation-3: -quota, in international trade, government-imposed limit on the quantity, or in exceptional cases the value, of the goods or services that may be exported or imported over a specified period of time.
Detailed explanation-4: -Revenue or profit quotas. A revenue quota is a type of sales quota typically used to track progress toward a specified target for total revenue. Activity quotas. Volume quotas. Cost-based quotas. Forecast quotas. Combination quotas. 30-Sept-2022