Which of the following is true of quotas in trade?
A) It is used most commonly to restrict trade.
B) It is used to encourage strategic alliance.
C) It is used to increase domestic competition.
D) It is the tax breaks given by the host government.
E) It is a form of tax collected on imported goods.

Question

Quizplus · Accepted Answer

Quotas are the most common form of trade restriction. A quota is a limit on the number or value of goods that can be traded.

Which of the Following Is True of Quotas in Trade