George is planning to export fabrics to the Bahamas.After investigating the trade rules,he found that he can only export limited yards of fabrics to the Bahamas.This is an example of:

Question

Quizplus · Accepted Answer

A quota is a restriction on the quantity of a specific good that can be imported or exported, often set by a government. In this case, George is limited in the number of yards of fabric he can export to the Bahamas, indicating a quota. A tariff is a tax on imported or exported goods, an embargo is a complete ban on trade with a particular country, and dumping involves selling products at a lower price than the cost to produce them. None of these choices accurately describe George's situation.

George Is Planning to Export Fabrics to the Bahamas