A quota is
A) a tax on imports.
B) a specified minimum amount that must be imported.
C) a specified maximum amount that can be imported.
D) a tariff on exports.
E) the minimum amount that domestic firms can dump.

Question

Quizplus · Accepted Answer

A quota is a restriction on the quantity of goods that can be imported. It sets a maximum limit or ceiling on the amount of a particular good that can be brought into a country during a specified time period. Therefore, the correct answer is C - a specified maximum amount that can be imported.

A Quota Is