A production quota
A)is a lower limit to the quantity of a good that can be produced in a specified period.
B)is an upper limit to the quantity of a good that can be produced in a specified period.
C)is a payment made by a consumer to a producer.
D)is a payment made by a producer to a consumer.
E)is a payment made by the government to a producer.

Question

Quizplus · Accepted Answer

A production quota is an upper limit to the quantity of a good that can be produced in a specified period. It is usually set by government or a regulatory body in order to control the supply of a particular product and stabilize prices.

A Production Quota