ENTREPRENEURSHIP AND THE GLOBAL ECONOMY
CULTURAL DIFFERENCES AND ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The maximum amount of a product or service can be imported into a country
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Tariff
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Supply
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Capacity
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Quota
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Explanation:
Detailed explanation-1: -Import quotas are government-imposed limits on the quantity of a certain good that can be imported into a country. Generally speaking, such quotas are put in place to protect domestic industries and vulnerable producers.
Detailed explanation-2: -A quota is a tax levied against a specific good being imported into a country. A quota limits the quantity of a good that can be imported into a country. A tariff is a tax placed on an import.
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