An export quota is:
A) a tax imposed by the exporting country on products exported.
B) a limit imposed by the exporting country on the amount that its firms are allowed to export.
C) a limit imposed by the importing country on the amount that its consumers are allowed to import.
D) a limit on exports agreed on by both the exporting and importing country.

Question

Quizplus · Accepted Answer

An export quota is a limit imposed by the exporting country on the amount that its firms are allowed to export. A tax imposed by the exporting country on products exported is known as an export tariff. A limit imposed by the importing country on the amount that its consumers are allowed to import is known as an import quota. An export limit agreed upon by both the exporting and importing countries is known as a voluntary export restraint.

An Export Quota Is