Question

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

Options

• Quota

• Import tariff

• Specific tariff

• All of the above

Answer 1

Quota

Explanation:

A quota is a trade restriction imposed by the government that limits the number or monetary value of goods that a country can import or export during a specific time period. Quotas are used in international trade to help regulate the volume of trade between countries.