ECONOMICS
TECHNOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A limit on the amount of foreign goods that can come into a country.
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Anything that slows downs or prevents one country from exchanging goods with another.
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A tax placed on goods when they are brought into one country from another country.
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Products a country makes best that are demand on the world market.
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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: -Tariff rate quotas permit a specified quantity of imported merchandise to be entered at a reduced rate of duty during the quota period. Once the tariff-rate quota limit is reached, goods may still be entered, but at a higher rate of duty.
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: -A quota is a restriction or an upper limit fixed for use or availability or consumption of goods. The restriction can be for a variety of purposes including import and export of goods to meet domestic demand or encourage domestic production of goods.
Detailed explanation-5: -A governmental restriction on the quantities of a particular commodity that may be imported within a specific period of time, usually with the goal of protecting domestic producers of that commodity from foreign competition. (See tariff.)