Which of the following is a quota?

Question

Quizplus · Accepted Answer

A quota is a limit on the amount of a foreign good that can be sold in a country. This is a trade restriction used to limit the amount of foreign goods entering a country's market.

The other answer choices are:

A) A toll is a fee charged for using a particular road or bridge. It is not a quota because it is not limiting the amount of goods being imported.

B) A ban is a prohibition on something and not a quota since it does not limit the quantity of goods being imported.

D) A tax on imports is called a tariff. While it is a trade restriction, it is not the same as a quota because it does not limit the quantity of goods being imported.

Which of the Following Is a Quota