WORLD HISTORY

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.

Detailed explanation-2: -Both quotas and limits can restrict the number of requests that you can send or the number of resources that you can create. Limits can also restrict a resource’s attributes, such as the length of the resource’s identifier.

Detailed explanation-3: -Tariffs are taxes that governments place on imported goods of a specific type. Quotas are import limits that prevent more than a set amount of a specific good from being imported into a country.

Detailed explanation-4: -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.

Detailed explanation-5: -A quota is a type of trade restriction where a government imposes a limit on the number or the value of a product that another country can import. For example, a government may place a quota limiting a neighboring nation to importing no more than 10 tons of grain.