A global import quota permits a specified number of goods to be imported each year,but does not specify where the product is shipped from and who is permitted to import.

Question

Quizplus · Accepted Answer

A global import quota sets a limit on the quantity of a product that can be imported into a country or region each year, without specifying the source of the product or who can import it. This allows importers from different countries to compete for a share of the quota and can make the import process more equitable.

A Global Import Quota Permits a Specified Number of Goods