What is a quota

Name: What is a quota
Brand: Quizplus
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Question

What is a quota

Quizplus · Accepted Answer

A quota is a limit on the quantity of imports that a country allows into its market. It is often used as a protectionist measure by governments to shield domestic industries or to reduce the trade deficit. A tax on imports is known as a tariff, while a tax on exports is known as an export tax. The value of net exports is the difference between a country's exports and imports.

What Is a Quota