Output quotas are commonly used in markets for
A) agricultural products.
B) textiles.
C) financial products.
D) imported goods.
E) exported goods.

Question

Quizplus · Accepted Answer

Output quotas are commonly used in markets for agricultural products, where the government sets a limit on the amount of a product that can be produced in a certain period. This is done to control the supply of the product and maintain its price stability in the market.

Output Quotas Are Commonly Used in Markets for