Which of the following is the best example of a quota?
A) A subsidy from the government to domestic manufacturers of tyres to enable them to compete more effectively with foreign producers.
B) A limit on the quantity of tyres that can be imported from a foreign country.
C) A 40 per cent fee imposed on all imported tyres.
D) A tax placed on all tyres sold in the domestic market to help offset the impact of lost jobs in the domestic tyre industry.
Correct Answer:
Verified
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