What is a quota?
A) A restriction on exports
B) A unit tax imposed on a product
C) A ceiling on the amount of a good or service that can be exported
D) A ceiling on the amount of a good or service that can be imported

Question

Quizplus · Accepted Answer

A quota is a restriction on the amount of a good or service that can be imported, not exported. Therefore, options A and C are incorrect. Option B refers to a specific tax, not a quota. The correct answer is D, which is a quota on imports.

What Is a Quota